RentCafé: Rental prices heat up just in time for spring renting season
RentCafé | April 09, 2019
It’s finally spring renting season and while the climate is heating up, data from RentCaféindicates national renting prices are as well. According to the company’s recent analysis, the national average rent in March totaled $1,430. Not only is this a 0.3% increase from the previous month, but it is also $44 higher than the same period in 2018. In fact, RentCafé’s data shows that 92% of the country’s largest 253 cities saw their rent increase last month. Surprisingly, only 6% of rents remained unchanged and 2% experienced slight drops compared with 2018.