Boston Real Estate Investors Association

Few Cities have Average Rent Below Pre-Pandemic Levels

Few Cities have Average Rent Below Pre-Pandemic Levels

apartment list logoAccording to Apartment List’s October National Rent Report, only a few cities still remain cheaper than what they were pre-pandemic – and they say those are unlikely to remain much longer. In addition, they report that since January the national median rent has increased by a staggering 16.4%. They put that into context by pointing out that rent growth from January to September (2017-2019) only averaged 3.4%.

“With rents rising virtually everywhere, only a few cities still remain cheaper than they were pre-pandemic, and even these remaining discounts are unlikely to persist much longer. At the other end of the spectrum, there are now 22 cities among the 100 largest where rents have increased by more than 25 percent since the start of the pandemic…”

 

Few cities' rent remain below pre-pandemic levels

Click here to read the full report at Apartment List.

 

The post Few Cities have Average Rent Below Pre-Pandemic Levels appeared first on Real Estate Investing Today.

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