{"id":12249,"date":"2017-09-01T07:30:07","date_gmt":"2017-09-01T12:30:07","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=12249"},"modified":"2021-01-05T09:26:25","modified_gmt":"2021-01-05T15:26:25","slug":"september-2017-national-apartment-report","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/september-2017-national-apartment-report\/","title":{"rendered":"National Median Rent Rises\u2026 Slightly"},"content":{"rendered":"

After falling through the first quarter, the national median rent has stabilized in recent months, climbing in September to its highest point of 2017: $1,018.<\/span>
\n<\/span><\/p>\n

\"National<\/p>\n

That means that the national median rent has increased .2% over the course of the year from January\u2019s mark of $1,016.<\/span><\/p>\n

\"Greatest<\/p>\n

Cleveland, OH, experienced the greatest rent hike in the country over the month of August, with median one-bedroom rents jumping 12.8%, from $619 to $698. This is the second straight month of significant upticks in Cleveland, after July saw rents increase 5%. Santa Ana, CA also rose for the second-straight month, from $1,673 to $1,816 (8.5%), as did Columbus, OH<\/a> (4.1%); Honolulu, HI (3.5%); and Baltimore, MD (3.4%).<\/span><\/p>\n

The list of cities with the biggest rent decreases is also home to some familiar faces. For the second month in a row, Glendale, AZ, takes the crown, with rents dropping 9.5% to $673. St. Paul, MN<\/a>, dropped 5.2%, to $1,067. Tulsa, OK (-4.6%), and Buffalo, NY (-3.8%), also reprised their places in the nation\u2019s top five rental decreases. The only newcomer to that esteemed company? Houston, TX<\/a>, where the median one-bedroom price dropped 6.5%, from $1,184 to $1,107.<\/span><\/p>\n

\"Top<\/p>\n

The list of the nation\u2019s highest rents is identical to last month\u2019s list. San Francisco, CA, still leads the way, with a one-bedroom median rent of $3,240, up $30 from August\u2019s report. New York City, NY<\/a>, saw rents drop $57 but still comes in at #2 on the list, with a median rent of $2,850. And San Jose, CA, where rents increased to $2,483, retains its place at #3. Of the remaining seven cities with the highest rents, four saw increases over the month of August. <\/span><\/p>\n

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