{"id":14013,"date":"2018-02-01T07:30:41","date_gmt":"2018-02-01T13:30:41","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=14013"},"modified":"2021-01-05T09:28:05","modified_gmt":"2021-01-05T15:28:05","slug":"february-2018-national-apartment-report","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/february-2018-national-apartment-report\/","title":{"rendered":"February 2018 Breaks Five-Month Streak of Rent Increases \u2014 Slightly"},"content":{"rendered":"<p><center><a class=\"twitter-follow-button\" href=\"?ref_src=twsrc%5Etfw\" data-size=\"large\" data-show-count=\"false\">Follow @rentableapts<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/center>Nationwide, rents have been on the increase since August 2017, but February brings slight relief \u2014 at least to renters of one-bedroom apartments. The national median rent for one-bedrooms dropped from $1,046 to $1,044, marking the first decrease in six months.<\/p>\n<p>Although national one-bedroom rents decreased just .2%, some cities felt a much larger decline. Syracuse, NY, had the largest rent drop in the country, with rents sliding nearly 11% through January. Santa Ana, CA, also saw a significant decline of 9.1%, with one-bedroom rents there dropping from $1,841 to $1,673. <a href=\"https:\/\/www.rentable.co\/minneapolis-mn\" target=\"_blank\" rel=\"noopener noreferrer\">One-bedroom apartments in Minneapolis, MN<\/a>, and St. Louis, MO, slid nearly 4%, followed by <a href=\"https:\/\/www.rentable.co\/cincinnati-oh\" target=\"_blank\" rel=\"noopener noreferrer\">Cincinnati, OH, one-bedrooms<\/a>, which slid from $824 per month to an even $800, for a 2.9% drop.<\/p>\n<p>The one-bedroom rent increases throughout January were smaller, with St. Paul, MN, seeing the largest jump, up 8.9% from $1,148 to $1,250. St. Petersburg, FL, and <a href=\"https:\/\/www.rentable.co\/houston-tx\" target=\"_blank\" rel=\"noopener noreferrer\">Houston, TX, apartments<\/a> saw the second- and third-largest increases, both around 6%. Oklahoma City, OK; Little Rock, AR; Indianapolis, IN; and El Paso, TX, were the only other U.S. cities that saw increases of 4% or more.<\/p>\n<p>Aside from the increase in St. Paul, MN, the Midwest had a mild month for one-bedroom rents, with <a href=\"https:\/\/www.rentable.co\/milwaukee-wi\" target=\"_blank\" rel=\"noopener noreferrer\">apartments in Milwaukee<\/a>, WI, and Madison, WI, both down 1.4%, and Chicago, IL, down .8%.<\/p>\n<p>Only three cities saw no change between January 1 and February 1: Detroit, MI; Colorado Springs, CO; and Baltimore, MD. All three of those cities saw decreases in January, which could signal that these markets are in for increases come March.<\/p>\n<p>Renters of two-bedroom apartments, however, were dealt a sixth consecutive month of rent increases, seeing rents jump .3% throughout January, from $1,254 to $1,258.<\/p>\n<p>St. Paul, MN, once again sees the largest jump, with two-bedroom rents up 7.1%, matched only by Gainesville, FL. Las Vegas, NV, and New Orleans, LA, also saw increases above 6%, while Scottsdale, AZ, saw in increase of just 3.7%.<\/p>\n<p>Decreases for two-bedroom apartments throughout January were modest at best, with four of the top 10 landing in the southeast. Winston-Salem, NC, saw rents drop 5.5%, followed by Santa Ana, CA (-5.3%); Athens, GA (-4.6%); and Charleston, SC (-4.5%). Syracuse, NY \u2014 which topped our list for one-bedroom decreases, drops to 10th place for two-bedroom apartments, with a drop of 2.6%.<\/p>\n<p>For press inquiries, contact <a href=\"mailto:sam@rentable.co\">contact Sam Radbil<\/a>.<\/p>\n<p><center><a class=\"twitter-follow-button\" href=\"?ref_src=twsrc%5Etfw\" data-size=\"large\" data-show-count=\"false\">Follow @rentableapts<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/center><iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vRCE6u_CRCT1bnuBf7vs7H1o6F1NP6Q9pCVZESAMQeJJymHV1s7KmJR1uuY7i9_Rr6OO6Flky1q1Bbo\/pubhtml?gid=0&amp;single=true&amp;widget=true&amp;headers=false\" width=\"1200\" height=\"400\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blog-assets.rentable.co\/blog\/wp-content\/uploads\/2018\/02\/26143400\/Rent-Report-Feb-2018-Header-01.png\" alt=\"February Rent Report\" width=\"1200\" height=\"346\" class=\"aligncenter size-full wp-image-14023\" srcset=\"https:\/\/blog-assets.rentable.co\/blog\/wp-content\/uploads\/2018\/02\/26143400\/Rent-Report-Feb-2018-Header-01.png 1200w, https:\/\/blog-assets.rentable.co\/blog\/wp-content\/uploads\/2018\/02\/26143400\/Rent-Report-Feb-2018-Header-01-512x148.png 512w, https:\/\/blog-assets.rentable.co\/blog\/wp-content\/uploads\/2018\/02\/26143400\/Rent-Report-Feb-2018-Header-01-768x221.png 768w, https:\/\/blog-assets.rentable.co\/blog\/wp-content\/uploads\/2018\/02\/26143400\/Rent-Report-Feb-2018-Header-01-1024x295.png 1024w, https:\/\/blog-assets.rentable.co\/blog\/wp-content\/uploads\/2018\/02\/26143400\/Rent-Report-Feb-2018-Header-01-300x87.png 300w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>&gt;<\/iframe><\/p>\n<h2>Methodology<\/h2>\n<p>Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>February brings the first relief for rising one-bedroom rents since since August 2017.<\/p>\n","protected":false},"author":23,"featured_media":14023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[148],"tags":[164,248,74,413],"_links":{"self":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/14013"}],"collection":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/comments?post=14013"}],"version-history":[{"count":9,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/14013\/revisions"}],"predecessor-version":[{"id":20603,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/14013\/revisions\/20603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media\/14023"}],"wp:attachment":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media?parent=14013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/categories?post=14013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/tags?post=14013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}