June 06, 2016 | Dan Rafter | REJournals.com
Apartment living isn’t getting any cheaper, with the amount that renters are paying each month in rent rising yet again in May.
The most recent Yardi Matrix multifamily report said that the nationwide average apartment rent rose $10 in May to $1,204. That is an all-time high for apartment rents.
According to the report, rents rose by an average of 0.9 percent in May. They also rose 6 percent when compared to the same month one year earlier.
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