National Median Rent Price Records Two-Dollar Increase

Apr 03, 2017

Rent prices nationwide saw the slightest of upticks, rising by about $2, or 0.2 percent, according to new data from ABODO. The median price for a one-bedroom apartment is now $1,005; as of this month, national rents dropped by 1.08 percent since January.

For the second consecutive month, the New Orleans market recorded the greatest increase—this time, with a 12 percent increase in the median one-bedroom rent up to $1,180. San Francisco recorded the most expensive rent—$3,415 on a one-bedroom unit—but that price was actually down 1.45 percent from March.

Fort Wayne, Ind., saw the greatest rental price decrease: a drop from $595 for a one-bedroom unit in March to $537 in April, a 9.8 percent dip. Philadelphia experienced an eight percent decline in one-bedroom unit rents, from $1,102 last month to $1,023 today.

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Phil Hall

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Apr 03, 2017

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