National apartment listing site ABODO recently reported that the median nationwide rent price increased in October to $1,020 for a one-bedroom apartment – literally a .39% increase year to date. The top three cities with the largest rent increases were: Cleveland, OH (9.9%); Santa Ana, CA (8.2%); and Colorado Springs, CO (6.4%). Decreases going into October were: Newark, NJ (-6%), Norfolk, VA (-5.9%) and Houston, TX (-5.1%). ABODO uses over 1 million listings across the United States to calculate the median 1-bedroom rent price by city, state, and nation and then track the month-over-month percentage change. To avoid small sample sizes, they restrict their analysis to cities meeting minimum population and property count thresholds.
Click here to read the full report on Abodo.com
