Apartment Rents End 2017 on a Higher Note – NMP Skip to main content

Apartment Rents End 2017 on a Higher Note

Dec 01, 2017
When it comes to high-income households, a greater percentage of this money-burdened demographic can be found as renters rather than homeowners

The national median price of a one-bedroom apartment was $1,040 in December, a 2.4 percent increase from January’s $1,016, according to new data from ABODO.
 
Newark, N.J., recorded the greatest month-over-month increase in December, the median rent price rising by nearly 13 percent to $1,170. Corpus Christi, Texas, has the second highest rent spike at 9.8 percent, reaching a median price of $968. Columbus, Ohio, saw the greatest rent decline at 8.3 percent to a median price of $745.
 
And, once again, San Francisco and New York City were the nation’s most expensive rental markets, with one-bedroom apartments renting for $2,786 and $2,397, respectively.

 
About the author
Published
Dec 01, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026