US – Top 10 Cities with Highest Apartment Rent Growth

Rents at U.S. apartments increased by an average 4.6 percent since the third quarter of last year

Three California cities topped the list of where apartment rents have increased the most over the past year. San Francisco was first, at 13.4 percent, followed by San Jose’s 13.1 percent and Oakland’s 7.7 percent.

The other cities with the highest rent increases were: Seattle (7.3 percent), Austin (6.9 percent), New York (6.6 percent) and Minneapolis (6.2 percent), followed by Boston, Pittsburgh and Denver.

Denver ranks 10th in the nation for how much apartment rents have grown since the third quarter of last year, according to a report released Tuesday by RealPage Inc. Between then and the third quarter of 2011, Denver rents grew by 5.7 percent, trailing Boston’s and Pittsburgh’s 5.9 percent.

 

Source: Biz Journal

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: