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

Booming apartment rents? Those days might be over

Dan Rafter October 4, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

The days of soaring apartment rents? They seem to be over, at least according to the latest numbers in the Zumper National Rental Price Index.

According to Zumper’s October rent report, median apartment rents remained relatively flat last month, continuing a trend. The median one-bedroom rent fell 0.7 percent in September to $1,241. The median two-bedroom apartment rent fell 0.6 percent to $1,485 last month.

Even with these dips, apartment rents today are still higher on average than they were last year. Zumper reported that on a year-to-year basis, median one-bedroom apartment rents are up 2.1 percent from September of last year while median rents on two-bedroom apartments are up 2.2 percent.

The Midwest saw some notable rental changes last month. In Lincoln, Nebraska, the median one-bedroom apartment rent jumped 5.7 percent in September to $740. This was the largest one-bedroom rent hike in the country.

In Columbus, Ohio, the median one-bedroom rent climbed 5.4 percent to $780. And in Memphis, Tennessee, this figure rose 5.2 percent to $810.

Minneapolis saw movement, too, only in the opposite direction. The median one-bedroom rent fell 5.1 percent in September, dropping to $1,310. The median two-bedroom rent here dropped 0.6 percent to $1,800.

 

Tags
ColumbusLincolnMemphisMinneapolisMinnesotamultifamilyNebraskaOhioTennesseeZumper
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MissouriCRE

St. Louis’ Kadean Construction’s revenues more than double in 2020

March 5, 2021
IllinoisRetail

Cullinan Properties rebrands Illinois’ Quincy Mall

March 5, 2021
WisconsinIndustrial

Lee & Associates closes warehouse lease in Madison

March 5, 2021
IllinoisCRE

CRE Future Leaders: Cody Balogh, The Missner Group

March 5, 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