Neil Shekhter on How Much Average Apartment Rent Increased in 2017

Rent prices can vary a huge amount depending on where a person might look. A recent comparison of 250 large cities all over the United States by RENTCafe’ discovered that the typical apartment’s rent has increased by 2.5%. This data is based on the findings of Yardi Matrix who found that that average rent typically runs about $1,359 a month. That’s for a one bedroom. the two bedrooms run at $1,405. That is a 24% increase over the last ten years.

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