And the costs in several suburbs are even higher.
The May 2021 Rent Report from Apartment List reveals that in April, the average rent in Denver jumped 1.8 percent over the previous month even more than the 1.3 percent gain from February to March or the 0.9 percent from January to February. That adds up to a 4 percent rise in just three months. And while Denver rent is still down 2.1 percent from this time last year, that s less than half the 5.1 percent decline from February 2020 to February 2021.
This graphic shows what s been happening to Denver rent since April 2020, shortly after restrictions related to COVID-19 were first put in place:
Rent prices in Chicago rebounding from pandemic lows
Photo via Moresheth/Creative Commons 2.0
Apartment seekers searching for rentals in Chicago late last year were looking at what may have been the lowest prices the city will witness for the near term future as prices continue to rebound from pandemic lows. Landlords were slashing prices, offering concessions, and working with local, state, and federal aid programs to both lure new renters and ensure existing tenants could remain in their apartments during the pandemic.
But the market is now quickly returning to landlords’ favor.
According to numbers in a new report from rental search site Apartment List, Chicago’s year-over-year rent growth is in the red, but recovering quickly. Year-over-year rent growth is down by 6%, however, when looking at month-over-month, rent prices have increased by 4%, giving Chicago the fourth strongest month-over-month rent growth in the country, the report details.
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Is now the time to apartment hunt in S.F.? How to know if rents are really rising
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New data suggests that San Francisco rents might be increasing again, but when and by how much depends on whom you ask.Nick Otto / Special to The Chronicle 2020
Vaccine appointments are open, spring flowers are blooming and San Francisco tech giants like Salesforce are plotting their employees’ return.
If all that seems like a recipe for the city’s rents to start climbing again, conflicting data and lingering anxiety for both landlords and tenants point to a more complicated reality.
Today at 7:45am
Rent Rising in Arlington “Of the 10 top apartment markets in the D.C. metro tracked by Apartment List, average rents are lower than a year ago in six of them. Arlington County, Virginia, remains the most expensive apartment rental market, with an average monthly rent of $2,144. Arlington County rents are still 9.7% lower than a year ago, but rents have bounced back the most, rising by 2.7% over the past month.” [WTOP]
Local Spots on Spring Dining Guide Washington Post food critic Tom Sietsema’s prestigious Spring Dining Guide includes three Arlington or Arlington-connected restaurants: Cafe Colline on Lee Highway, Spice Kraft Indian Bistro in Clarendon, and the soon-to-open Lucky Danger in Pentagon City. [Washington Post]