How did the rental market fair in 2018? ABODO’s recently released 2018 Annual Rent Report breaks the market down and shows where prices increased, decreased and what trends emerged. They also drill down into the most and least expensive markets and what to expect in 2019. Be sure to look at their entire dataset.
“Rental rates that looked unexciting in January initiated a slow decline in February. By June, the decline became more pronounced as one-bedrooms fell by almost 4 percent to $1,005. Two-bedrooms also posted their peak weakness in June losing 2.71 percent at $1,220…By year-end, one-bedroom units settled at $1,025, off 2.01 percent for the year while two-bedrooms flattened considerably with a statistically insignificant gain of 0.08.”