dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Cities

The US Cities Where Apartment Rents Are Rising The Fastest

  • March 4, 2020
Total
0
Shares
0
0
0

Settling in a new city cannot be complete without a new apartment. A lot of us have specific considerations about our ideal places. Yet most of these can be compromised. Perhaps, one non-negotiable is the rent.

As we know, the reason why the cost of living is high in cities is because of the high rents. According to the analysis from the 2019 year-end report of RENTCafé, these US cities have recorded the highest increases in apartment rents:

Highlights

On top of the list is Phoenix in Arizona which recorded an increase of 9.6 percentage points from the previous year, 2018. It is followed by Las Vegas (+6.0 %), Austin (+5.0 %), Washington D.C. (+4.3 %), Tampa (+ 4.1%), Indianapolis (+4.0 %), Charlotte (4.0%), and Dallas (+3.9 %).

In large cities, the city of  Manhattan recorded the priciest rent with an average of US$ 4,211. While Manhattan, New York is expensive, neighboring states like New Jersey have more affordable options. You can find Hoboken apartments which offer a good value for your money.

When it comes to mid-sized cities, it is Oakland which has the highest average rent of 2019 at $ 2,908. Along with Oakland, three more cities from California — Santa Ana, Anaheim, and Wichita — occupied four out of the top five spots in this category.

As for the small cities, San Mateo has the highest recorded average rent price at $3, 288.

On the national level, the overall average for 2019 is at $ 1,474. Currently, a renter pays about $43 more than they used to about a year ago.

In spite of this, RENTCafé said that the yearly growth rate in rent for the year 2019 was slower in comparison to the previous years.

“The U.S. economy remains strong while developers continue to deliver apartments in multiple locations. The apartment industry has made great strides since the great recession of 2008 and will remain a strong economic engine as we enter the new decade,” according to Yardi Matrix Manager of Business Intelligence, Doug Ressler.

Insights

According to RENTCafé, the notable spikes in rent among those in the top three — Phoenix, Las Vegas, and Austin — is because they are among the job hubs millennials are going to in order to build their careers. With this increase in demand, there is, of course, an expected increase in rent in these areas as well.

Their findings also revealed that two-bedroom apartments are the most popular for the year 2019, with 44.70% of the people included in the study looking for this particular apartment type. They are followed by one-bedroom apartments (27 %), three-bedroom apartments (16.40%), and studio apartments (11.90%)

Based on Google searches, potential renters were also revealed to prioritize proximity and price in the selection of their new apartment, with these two having the highest search volumes.

Methodology

For the study, RENTCafé collected rent data from the 260 largest cities in the US. The average rents were obtained through telephone surveys, with market-rate, large-scale multi-family property owners as respondents.

If you are interested to know more about the study, you can check their report here. They even have an in-depth report from the cities included in the study which you may want to check out as well.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Apartment
  • Cost
  • Housing
  • Rent
  • USA
dotlah.com

Previous Article
  • Lah!

Changi Airport’s Iconic Flight Information Display Flip Board To Become Part Of Singapore’s National Collection

  • March 4, 2020
View Post
Next Article
  • Society

Why So Many Epidemics Originate In Asia And Africa – And Why We Can Expect More

  • March 4, 2020
View Post
You May Also Like
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Cities

Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong

  • dotlah.com
  • June 4, 2025
View Post
  • Cities
  • Politics

Singapore businesses eye more investments in PH, says PM Wong

  • Dean Marc
  • June 4, 2025
View Post
  • Cities
  • Research

Mathematicians uncover the logic behind how people walk in crowds

  • dotlah.com
  • April 3, 2025
“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch
View Post
  • Cities
  • Technology

“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch

  • John Francis
  • January 6, 2025
View Post
  • Cities

Popes were once confined to Rome. Now they travel the world – and Francis’ current journey is particularly significant

  • dotlah.com
  • September 13, 2024
Singapore
View Post
  • Cities
  • Economy

South Africa’s new pension rules: Australia, Chile and Singapore show how personal savings can grow the economy

  • dotlah.com
  • August 30, 2024
Singapore
View Post
  • Artificial Intelligence
  • Cities
  • Technology

These 5 cities are making innovative use of generative AI

  • dotlah.com
  • July 29, 2024


Trending
  • covid-19 antigen test 1
    • People
    • World Events
    PCR, Antigen And Antibody: Five Things To Know About Coronavirus Tests
    • January 2, 2021
  • job application 2
    • Features
    • People
    How To Address A Difficult Past When Applying For A Job
    • December 15, 2020
  • usa_china_and_russia_fighting_for_global_hegemony_as_ches_6ef192b8-750f-4d9d-adaa-75485efccca8 3
    • Cities
    • Economy
    • Politics
    The Trinity Of Global Power Unfolding The New World Order
    • August 22, 2023
  • 4
    • Lah!
    Singapore Passport Ranked Most Powerful Again According To Henley & Partners Passport Index
    • July 3, 2019
  • White sofas with curtains blowing 5
    • Cities
    A City Dweller’s Guide To Loft Spaces
    • April 27, 2021
  • Hellen Keller 6
    • Features
    • People
    Light In Darkness. Remembering Helen Keller, A Testament to the Unconquerable Spirit.
    • June 27, 2023
  • 7
    • Lah!
    • Science
    • Technology
    Novel Film That Keeps Us Dry And Cool
    • January 6, 2021
  • 8
    • Cities
    • Lah!
    CapitaLand Malls X POP MART Launch World’s First Molly 15: Into The Future Exhibition And luxury Collectible Mega Space Molly Christmas At Funan
    • November 7, 2021
  • 9
    • Lah!
    Global Bank Urges Cities To Invest In New Infrastructure To Adapt To Climate Change
    • October 14, 2019
  • 10
    • Lah!
    ​SP Group embarking On S$30 Million In Research And Education Initiatives With NTU Singapore
    • August 21, 2020
  • charity-water-cw_Selects_16x9_19 11
    • dotZero
    • Features
    • Op-Ed
    • Outsights
    • People
    Join the Movement: Provide Clean Water and Transform Lives
    • June 13, 2023
  • airport-airplane-tourist-luggage-air-travel-jeshoots-com-722888-unsplash 12
    • People
    The Most Influential People In Global Travel Today
    • October 19, 2021
Trending
  • 1
    Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore
    • June 20, 2025
  • 2
    A Father’s Day Gift for Every Pop and Papa
    • June 14, 2025
  • 3
    Apple services deliver powerful features and intelligent updates to users this autumn
    • June 12, 2025
  • 4
    Apple supercharges its tools and technologies for developers to foster creativity, innovation, and design
    • June 11, 2025
  • 5
    It’s time to stop debating whether AI is genuinely intelligent and focus on making it work for society
    • June 8, 2025
  • 6
    PBBM asks Singapore to invest more in PH renewable energy projects
    • June 6, 2025
  • 7
    Singapore PM Wong arrives in Malacañang
    • June 4, 2025
  • 8
    Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong
    • June 4, 2025
  • 9
    Singapore businesses eye more investments in PH, says PM Wong
    • June 4, 2025
  • 10
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 3, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.