Rentable Says September Rents are Surging
Rentable says that the median nationwide rent price for one-bedroom units in September was $ 1,219 (up 2.4%) with two-bedroom units coming in at $ 1,479 (up 2.09%). Year-to-date, Rentable says one-bedrooms are now up 8.27% and two-bedrooms have gained 6.87%. Be sure to check out their full data set of U.S. cities.
“…rents are skyrocketing. There are fewer rental units available, and landlords stung by eviction restrictions are looking to recoup past lost rent. Add that to the red-hot housing market fueled by low supply and high demand and we have the recipe for continued sharp rent increases.”