{"id":10153,"date":"2017-04-03T07:30:43","date_gmt":"2017-04-03T12:30:43","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=10153"},"modified":"2021-01-05T09:24:09","modified_gmt":"2021-01-05T15:24:09","slug":"april-2017-national-apartment-report","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/april-2017-national-apartment-report\/","title":{"rendered":"New Orleans Faces Highest Rent Hike for April 2017"},"content":{"rendered":"

Rent prices nationwide rose throughout March \u2014 but only by about $2, or .2%, up to a median price of $1,005 for a one-bedroom apartment. The slight increase adds a hiccup to the overall year-to-date change, which was trending downward by 1.28% as of March. For April, national rents are down just 1.08% since January. <\/span><\/p>\n

\"National<\/p>\n

For New Orleans, LA<\/a>, this marks the third straight month for having one of the 10 largest rent increases in the country \u2014 and for the past two months, the Big Easy has been in the No. 1 spot. In March, median one-bedroom rents rose nearly 12%, up to $1,180. But that\u2019s not the only repeat appearance on the list.<\/p>\n

\"Greatest<\/p>\n

As the year continues, several other cities have established a consistent pattern of rises. In fact, six of our top 10 risers for April are carry-overs from the March report. In addition to New Orleans, Glendale, AZ<\/a> (10.7%); Seattle, WA<\/a> (7.2%); Buffalo, NY<\/a> (6.5%); Miami, FL<\/a> (5.2%); and Phoenix, AZ<\/a> (4.8%), are also in their second or third month of increases.<\/p>\n

Lexington, KY<\/a> (6%); Scottsdale, AZ<\/a> (4.1%); and Sacramento, CA<\/a> (4.9%), also saw some of the highest rent hikes.<\/p>\n

Meanwhile, the list of top April decreases is also fairly consistent: Philadelphia, PA<\/a>, is enjoying a three-month downward trend, with a median rent of $1,023, down 8% since the March report. Fort Wayne, IN<\/a> (-9.8%); Rochester, NY<\/a> (-4.5%); Nashville, TN<\/a> (-6.7%); Cleveland, OH<\/a> (-6.5%); and Richmond, VA<\/a> (-5.3%) also saw their rents go down.<\/p>\n

\"Top<\/p>\n

And the continuity\u2026 continues. For the cities with the most expensive rents, the list remains unchanged from March to April, save for Miami ($1,747) and Chicago<\/a> ($1,745) \u00a0swapping positions. San Francisco<\/a> dominates the list, with a median one-bedroom rent of $3,415, which is actually slightly down from its March number of $3,465.<\/p>\n

For press inquiries, contact Sam Radbil<\/a>.<\/p>\n