Rents in the South Continue to Rise as February Increases Impact 92% of U.S. Cities
Key takeaways: The national average rent reached an all-time high of $1,426 in February 2019, up by 3.6% ($49) year-over-year, according to data from Yardi Matrix. Of the nation’s 253 largest cities, 92% have seen rent increases compared to February 2018, 6% of cities flatlined, and 2% have registered apartment prices decrease. Rents in the…
Read MoreExpert Interview: Receiving an Apartment Rent Increase Notice
RentCafe is bringing you a series of interviews that address the most common landlord-tenant legal matters. Our goal is to inform you of your options and to give you a sense of perspective and confidence when tackling these matters. Getting a good price on a rental apartment is an achievement when you sign a new lease,…
Read MoreThe Hidden Cost of an Arts Career – Artists Are Rent-Burdened in 80% of Cultural Districts
Key takeaways: Artists who live in cultural districts pay about $380 more per month in rent than the city average. Those who make a living in arts are rent-burdened in 80% of the cultural districts of the largest U. S. cities. The average rent in Houston’s Museum District costs about $1,900 more than the average…
Read MoreThe Next Gen of Renters: Mom and Dad – Renters over 60 Grew by 43% in a Decade
Today’s demographics look substantially different than they did only a decade ago due to America’s population of seniors renting growing significantly and at a very fast pace. According to Census data, the U.S. is a rapidly aging country, with more than 22% of the current population being aged 60 & over. The overall aging of…
Read MoreExpert Interview: The Covenant of Quiet Enjoyment Explained
RentCafe is bringing you a series of interviews that address the most common landlord-tenant legal matters. Our goal is to inform you of your options and to give you a sense of perspective and confidence when tackling these matters. There is quite a difference between ‘being home’ and ‘feeling at home’ where you live. Some people…
Read MoreWhen Is a Suburban Rental the Best Bet for You?
Historically, tenants associated the rental lifestyle with an apartment in an urban area. In the post-recession boom, millennials moved en masse to major metros as apartment construction reached record-high levels and homeownership declined. It seemed cities and renting were inextricably linked. While major metros remain an attractive option for younger people, cities are no longer…
Read MoreReasons for Hiring a Realtor to Find Rent in a Competitive Rental Market
Article written by Dani Vanderboegh from Homelight When people think ‘realtor’, they often think of the home-buying or home-selling process, but real estate agents do so much more, including help clients secure rentals in the best location at the best price. If you live in a largely rental-based market or are planning to move to one, a…
Read More3 Tax Tips for Renters That Can Put Cash Back in Your Pocket
Article written by Logan Allec, a CPA and owner of the personal finance blog Money Done Right. You probably hear a lot about the great tax benefits that homeowners enjoy, such as the mortgage interest and property tax deductions. The question arises: as a renter, can you also deduct any of the taxes you pay?…
Read MoreExpert Interview: What You Should Know About an Unlawful Detainer
RentCafe is bringing you a series of interviews that address the most common landlord-tenant legal matters. Our goal is to inform you of your options and to give you a sense of perspective and confidence when tackling these matters. When renting an apartment, there are certain actions you would never want your landlord to take against…
Read MoreTop-Income Earners Are the Fastest Growing Renter Segment in the U.S. — Up by 1.35 Million in a Decade
Key takeaways: More than 1.35 million households making $150,000 or more per year became renters between 2007 and 2017 nationwide — a 175% increase. Seattle has seven times more renters who earn more than $150K per year than ten years ago, while Charlotte and Baltimore have five times more wealthy renter households. New York City…
Read MoreExpert Interview: How to Handle a Pay or Quit Notice
RentCafe is bringing you a series of interviews that address the most common landlord-tenant legal matters. Our goal is to inform you of your options and to give you a sense of perspective and confidence when tackling these matters. Finding your ideal rental apartment is rarely an easy task. You may tour several properties before…
Read MoreThe National Average Rent Stagnated in January – Cities in America’s Sun Belt Experienced the Fastest Growth
Key takeaways: The national average rent reached $1,420 in January 2019, a year-over-year increase of 3.3% ($45), according to data from Yardi Matrix. Among the nation’s 250 largest cities, 93% have seen rent increases compared to January 2018, 5% remained flat, and only 2% of cities have seen apartment prices decrease. Rents rose most rapidly…
Read MoreRent Trends in Philadelphia vs Pittsburgh: Bridging the Rent Gap Between Pennsylvania’s Two Largest Cities
Strong demand for rental units in 2018 has fueled price growth nationally with the average rent in the U.S. clocking in at $1,419 at the end of 2018, 3.1% more expensive than the previous year. Small cities were most affected by the rising prices, the top 3 highest y-o-y increases taking place in Odessa, TX,…
Read MoreOhio Rents Increased in 2018, Toledo Saw the Biggest Spike in Prices
At the end of 2018, the national average rent reached $1,419, which shows a 3.1% year-over-year increase, according to apartment data from Yardi Matrix. The largest rent increases were registered by small cities, with Odessa, TX, Midland, TX, and Reno, NV the top three with the biggest jump in rents. Overall, only 8 out of…
Read MorePortland Metro Year-End Rent Report: Rents in Lake Oswego Outpaced the Rest of the Metro
The end of 2018 saw the national average rent go up to $1,419 per month, which stands for an increase of 3.1% compared to the previous year. As an overall trend, the highest spikes in rent prices were registered in small cities, three of which witnessed double-digit increases: Odessa, TX, Midland, TX, and Reno, NV.…
Read More7 Things You Should Know Before Moving to Dallas, TX
Moving to a new place is exciting – there is no doubt about it! On one hand, you’ll be psyched about moving into a new environment, meeting new people, enjoying new cuisines, learning new cultures and so on. On the other, planning and executing a move is hard… Awfully hard! Basically, relocating marks a whole…
Read MoreSuburb Growth: Top Trending Suburbs That Have Seen the Biggest Boom in Renters
Suburban life might not seem as thrilling and adventurous as city life, but it definitely has some very exciting advantages. Renting in the suburbs tends to be more affordable, generally, and who doesn’t like the idea of paying less for more space? In addition, suburban public schools are often better than inner city schools, and…
Read MoreSafety Tips Your Landlord Wishes You Knew This Christmas
Christmas is one of the best times of the year and as it gets closer, we all get into that festive mood that makes us put lights and candles everywhere. While decorating your home is a nice task for the entire family that brings a lot of joy and fun, it can be a bit…
Read More2018 Year End Rent Report – Rents Hold Strong at Year End, Las Vegas Among the Top Most Aggressive Markets
Key takeaways: The national average apartment rent ends the year with a strong 3.1% y-o-y increase, having reached $1,419, $42 above what renters were paying this time last year, according to Yardi Matrix. As of the end of the year and throughout 2018, rents have seen the most fluctuation in small cities, with double-digit percentage increases in…
Read MoreAs Apartments Are Shrinking, Seattle Tops New York with the Smallest Rentals in the U.S.
Highlights: The average size of new apartments in the U.S. in 2018 is 941 square feet, 5 percent smaller than ten years ago, with studio apartments shrinking the most, by more than 10 percent; meanwhile, overall rents have increased by 28% over the same period of time. The average size of apartments regardless of year…
Read More5 Beautiful and Inexpensive Decorating Ideas for Your Tiny Bedroom
Decorating a tiny bedroom is never an easy task. To make matters more difficult, decorating inexpensively and sticking to your budget poses even more of a challenge. But challenging doesn’t mean impossible. For some, finding the right kitchen furniture is the crux of home decoration, and buying affordable kitchen cabinets takes the cake. When it…
Read MoreHow to Stay Fit in the City of Gym Shoes: Some of Chicago’s Topnotch Workout Places
Chicago is famous for quite a few things and food is definitely on the list. Home to numerous hot dog stands, the jibarito sandwich and other savory ethnic cuisines, Chi-town can sure make it hard for you to stay on a diet or keep fit. Luckily, Chicagoans are also known for their love of the gym…
Read MoreAmazon’s Move to Millennial Hubs Long Island City and Crystal City Expected to Spark an Apartment Boom
Highlights: Long Island City and Crystal City, the neighborhoods selected for the Amazon move, witnessed an y-o-y rent growth of 5.1% and 5%, respectively. While LIC is expecting 15,400 units to be delivered in the following years, Crystal City has only 3,100 in the pipeline. Both neighborhoods showcase a high percentage of Millennials, 52% in…
Read MoreRent Continues to Climb in 93% of Cities, with Pressure Still on in the Largest Renter Hubs
Key takeaways: The national average rent registered a year-over-year increase of 3.3% ($45) in October, at $1,420 per month, according to data from Yardi Matrix. Among the nation’s biggest 252 cities, 93% have seen rent increases compared to October 2017, 6% remained flat, and only 1% of cities have seen their rents decrease Y-o-Y. Rents…
Read MoreOwnership Is Losing Its Appeal, Despite Being Preferred by Most Philadelphians
The answer to the never-ending question about renting or owning is quite clear if we look at the big picture. Almost a quarter of the 100 largest U.S. cities changed from majority homeowners to majority renters between 2006 and 2016. There’s no denying that the dream of owning a home is still something many Americans have…
Read MoreReal Life Advice on How to Furnish Your Studio Apartment for Under $1,000
Filling up an empty studio when you’re short on cash is not as hard as it would seem. Don’t settle for old and dusty furniture, but rather use your creativity to transform any old pallet or box into a chic, attractive piece. Curious about how to decorate and furnish a studio apartment on a budget? Use…
Read MoreGet Fit in San Francisco – 8 Unique Workout Classes Worth Trying Out
There’s so much to love about San Francisco, besides the welcoming weather and a generous amount of green space. One of my favorite things about this city is its health and fitness scene, which is unquestionably one of the greatest in the U.S. From hip gyms, to holistic yoga, trampoline and climbing studios, The City…
Read MoreThe Median Income Gives Renters Access to More Than Two Thirds of the Stock in Raleigh, San Francisco and Omaha
Key takeaways: The median income provides burden-free access to 49% of all U.S. rentals, up from 38% in 2011. Access to rental housing has improved in 40 of the 50 largest cities between 2011 and 2017. Big paychecks, expensive homes and rent control have led to a unique situation in San Francisco. Ten years after the…
Read MoreTech Trends in Renting: The Rise of the Smart Apartment
The major draw of technology is the concept of making life more convenient for users, so it’s no surprise that in recent years, renters have begun placing increasing importance on the integration of tech into their rental homes and apartment complexes. Younger renters, in particular, are more apt to jump on board with this growing…
Read MoreThe Hows and Wheres of Keeping Fit in Jacksonville, FL
Have you rented a place in Jax and would like to know where you can enjoy a vigorous workout? Keep reading! Moving to a different city is always a challenging and time-consuming decision that brings about several changes in every renter’s life. From not knowing what the best places to shop, enjoy a good meal…
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