Iowa Rent Report – March 2019
The national average rent reached $1,430 in March 2019, a year-over-year increase of 3.2%, according to data from Yardi Matrix. Des Moines, IA renters saw the highest annual rent increase in March, reaching $896 per month, up by 20.3% since 2015. Ankeny apartments are the most expensive among the cities analyzed ($1,107), while apartments in Urbandale have…
Read MoreKentucky Rent Report – March 2019
The national average rent reached $1,430 in March 2019, a year-over-year increase of 3.2%, according to data from Yardi Matrix. Louisville, KY renters saw the highest annual rent increase in March (3.6%), reaching $941 per month. Florence, KY rents witnessed a 17.8% increase since 2015. The national average rent in March went up by 3.2% year-over-year The…
Read MoreHow Much Space Can You Rent on a Median Income in the 100 Largest U.S. Cities?
Whether it’s a temporary whim, a childhood dream, or the desire to have access to the big city life in your “backyard,” living in a big city can be appealing. For this reason, some of us are willing to take on the burden of rent and carry it for as long as we can. But…
Read MoreThe Average National Apartment Rent Kicks Off the Spring Rental Season at $1,430
Key takeaways: The national average rent was $1,430 in March 2019, 3.2% ($44) higher than this time last year, according to data from Yardi Matrix. 92% of the country’s largest 253 cities have seen rents grow in March year-over-year, 6% of rents remained unchanged, while 2% of cities experienced rent drops compared to 2018. The fastest…
Read MoreArkansas Rent Report – March 2019
The national average rent reached $1,430/month in March 2019, a year-over-year increase of 3.2%, according to data from Yardi Matrix. North Little Rock, AR renters saw the highest annual rent increase in March, reaching $820 per month. North Little Rock apartments are the most expensive among the state’s largest cities, while apartments in Conway, AR have…
Read MoreUtah Rent Report – March 2019
The national average rent reached $1,430/month in March 2019, a year-over-year increase of 3.2%, according to data from Yardi Matrix. Provo, UT renters saw the highest annual rent increase in March, reaching $1,421 per month. Provo apartments are the most expensive among the state’s largest cities, while apartments in Ogden have the cheapest rents. The national…
Read MoreAlmost 300% More LEED-Certified Eco-Friendly Apartments in Large-Scale Buildings in a Decade
Key highlights: The number of new LEED-certified rental units in large-scale buildings dropped for the second year in a row with 42,900 units delivered last year — still a 283% increase compared to 2008. Chicago, IL has the most LEED-certified apartments on the U.S. market — 20,600 units, as shown by Yardi Matrix data. Smaller cities like McLean, VA…
Read MoreOn the Edge of Affordability: Rents Set to Outpace Wages in Top Emerging Tech Hubs
While there are clear advantages to living in or near tech hubs, more people relocating to these cities can put a certain pressure on the rental market, leading to rising rents. Admittedly, tech jobs provide high salaries, but are they high enough to cover the cost of renting in such areas? Let’s take San Francisco…
Read MoreRents 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…
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