Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register
MidwestMultifamily

After two quiet months, apartment rents rise again

Dan Rafter December 7, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Renters enjoyed a two-month break from apartment rent hikes in October and November. But December? That’s a different story, as ABODO in its latest monthly apartment report said that the monthly rents of one-bedroom units rose once again.

Fortunately for renters, that increase was a modest one, .57 percent, just an average of $6 a month. Two-bedroom apartments also saw rent increases, a jump of $13 a month on average.

These are small increases, though, and seem to suggest that the days of booming rent increases are over. That might not be welcome news to landlords and building owners, but monthly rents, at least, remain high throughout much of the country.

In the Midwest, Nashville saw a big increase in one-bedroom rents in December. This figure jumped from $1,367 in November to an average of $1,509 in December. And in St. Paul, Minnesota, the average monthly one-bedroom rent jumped from $978 in November to $1,042 in December.

The Midwest saw some big drops, too, in one-bedroom rents, according to ABODO. In Columbus, Ohio, average one-bedroom rents fell from $1,103 in November to $1,002 in December, while they dipped from $552 to $527 in Toledo, Ohio.

Nashville, one of the hottest markets in the country, also saw a big increase in two-bedroom unit rents. In November, the average two-bedroom monthly rent was $1,528 here. In December, it has jumped to an average of $1,715. And in Milwaukee, the average two-bedroom rent rose from $1,144 in November to $1,210 in December.

Tags
ABODOapartmentColumbusMilwaukeeMinnesotamultifamilyNashvilleOhioSt. PaulTennesseeToledoWisconsin
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasOffice

Younger Partners to handle leasing duties for Dallas’ Waterview Plaza

February 25, 2021
TexasMultifamily

Stantec-designed Atelier multifamily building wraps construction in Dallas

February 25, 2021
MissouriCRE

St. Louis’ Koch Development names VP of attractions

February 25, 2021
IllinoisCRE

Cresa Chicago names SVP

February 25, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com