National Apt. Assn. Report: National Average Rents Exceed Record $1,500, Predicts Increases Ahead
The National Apartment Association reports that the average monthly national rent hit $1,514, topping the $1,500 mark for the first time in 150 metros surveyed.
Meanwhile, RealPage reports that rent growth of between 10% and 19.2% is occurring across select big metros in the biggest 12-month hike recorded since early 2001.
Read the Washington Post Story.
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