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Apartment rents reach another all-time high

June 15, 2016

 

 


June 06, 2016  |  Dan Rafter  | REJournals.com

multifamily

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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Matthew C. Strife
Blue Vault Services
April 11, 2016

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