RentCafe: Mid-Year National Average Rent Sees Spike

In their mid-year Apartment Market report, RENTCafe is reporting that, across the nation, average rent prices reached $1,465, which is up 3.2% year-over-year.  In addition, they point out that over the first half of 2019 the average national rent was up 2.6%.  However, they do say that rent increases typically slow during the 2nd half of the year.  Indeed…

“A growing portion of the population sees the appeal of renting in today’s residential real estate climate. With renting remaining the preferred housing option, the first half of 2019 saw accelerated rates in apartment leasing activity, as well as an effective rise in occupancy, says Doug Ressler, Director of Business Intelligence at Yardi Matrix.”

Click here to read the full report at RentCafe.com.