Apartment rent is up, but starting to stabilize
Prices are up for apartment rentals, but seems to be stabilizing here at the start of the new year.
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Prices are up for apartment rentals, but seems to be stabilizing here at the start of the new year.
New data show that rents jumped about 20% in South Florida during the past year, with increases expected to continue throughout the new year.
Rents are leveling off across the Seattle area after a roller-coaster year that first offered renters deals and discounts, then sharp rent hikes. But even with the seasonal reprieve, renters across the Puget Sound region are paying more for new leases than they were before the pandemic.
While homebuyers face higher prices in Vigo County, due to a shortage of homes for sale, renters are also in a pinch as rental costs have soared since 2020.
The latest rent report from Apartment List shows that “pandemic pricing” is...