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MinnesotaMultifamily

Which Midwest state has the most expensive apartment units?

Dan Rafter July 12, 2017
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The national median rent for a one-bedroom apartment across the country rose and fell throughout the first six months of the year. But as of July, this figure stood at $1,016, which is about where it started in January, according to the mid-year rent report by ABODO.

None of the states with the highest average monthly apartment rents were in the Midwest. The District of Columbia had the highest average rent from January to July, according to ABODO, with one-bedroom apartments renting for an average of $2,138 a month.

Next came Massachusetts ($1,896), California ($1,630), Hawaii ($1,572) and New York ($1,571).

In the Midwest, Minnesota had the highest average monthly rent for one-bedroom apartments during the first half of the year, $1,064. Illinois came in second ($921), while Michigan came in third ($816), Tennessee fourth ($789) and Wisconsin fifth ($744).

South Dakota had the lowst average monthly rent for one-bedroom units from January through July, $525. Kansas came next, averaging $635.

Renters in many Midwest cities actually saw average monthly rents dip a bit during the first half of the year. ABODO reported that in Fort Wayne, Indiana, the average monthly rent for one-bedroom apartments fell 4.9 percent to $562 during the first six months. That 4.9 percent drop was actually the biggest of any major city during the first half of the year.

In Lincoln, Nebraska, rents dipped 4 percent to $700 a month, while in Nashville they slipped 3.1 percent to a still-high average of $1,373 a month.

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ABODOFort WayneIllinoisIndianaLincolnMinnesotamultifamilyNashvilleNebraskaSouth DakotaTennessee
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