RentCafe: Average Rent up 3.2% in March


RENTCafe is reporting that, while rent prices are in fact growing across the country (up 3.2% year-over-year), it’s the lowest annual growth they’ve seen in more than 6 months.  The average apartment rent for March came in at $1,430, which they say is consistent to last spring’s growth levels and signals the end of the “sluggish winter season.”  They also point out that 92% of the country’s largest 253 cities saw rents grow year-over-year.  RENTcafe gathers their data from the Yardi Matrix, the U.S. Census Bureau, the U.S. Bureau of Labor Statistics, the U.S. Department of Housing and Urban Development and other public (government and third-party) databases.

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Director of Education & Outreach, National Real Estate Investors Association

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