{"id":93469,"date":"2019-11-15T00:00:33","date_gmt":"2019-11-15T08:00:33","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=93469"},"modified":"2020-02-02T23:03:11","modified_gmt":"2020-02-03T07:03:11","slug":"october-2019-national-rent-report","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/october-2019-national-rent-report\/","title":{"rendered":"Apartment Rents Stabilize as the National Average Reaches $1,476 in October\u00a0"},"content":{"rendered":"<h3><strong><em>Key takeaways:<\/em><\/strong><\/h3>\n<ul>\n<li><em>The national average rent went up by 3.2% in the past year and 0.1% month-over-month, reaching $1,476 in October, according to data from <a href=\"https:\/\/www.yardimatrix.com\/\">Yardi Matrix<\/a>.<\/em><\/li>\n<li><em>Rents in 65% of the 260 analyzed cities are below the national average, while the remaining 35% are above $1,476.<\/em><\/li>\n<li><em>Apartment rates in most major renter hubs in the United States go for less than the national monthly average.<\/em><\/li>\n<\/ul>\n<p><script id=\"infogram_0_d51c4a93-b233-4b12-a087-d3d96a743817\" title=\"National Average Rent Evolution_October2019\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?qhG\" type=\"text\/javascript\"><\/script><\/p>\n<h3>The national average rent reaches <strong>$1,476\u00a0<\/strong>per month\u00a0in October, up by <b>0.1%<\/b><\/h3>\n<p>A sluggish fall rental season has the average national rent at\u00a0<strong>$1,476<\/strong> following a<strong> 3.2%<\/strong> ($46) annual increase. Typical for this time of the year, fewer people are moving into new apartments. The national average rent inched up just <b>0.1%<\/b> ($1) in October, with apartment rates essentially flat for the past few months.<\/p>\n<p>Among the cities analyzed, 65% have average rents below the national average, while the remaining 35% see monthly averages above $1,476. Since last month, a\u00a0negligible 1% of them experienced a decrease in apartment rates, 4% have seen increases, while monthly rents generally flatlined in the remaining 95%.<\/p>\n<p>Compared to last month, rents have decreased the most in\u00a0<strong>Odessa, TX<\/strong> (-1.3%) and <strong>Bellevue, WA<\/strong> (-1.2%), followed by <strong>Miramar, FL<\/strong> (-0.9%). Witnessing a 3.7% month-over-month increase, <strong>Pompano Beach, FL<\/strong> has the highest monthly increase, followed by a string of New York and Texas thriving representatives: <strong>Queens<\/strong> (2.7%), <strong>Kileen<\/strong> (1.5%), <strong>Brownsville<\/strong> (1.4%), and <strong>Yonkers<\/strong> (1.3%).<\/p>\n<p><em><strong id=\"map\">Check out the interactive map below to find out more about average rent prices in small, mid-sized, and large U.S. cities<\/strong><\/em><\/p>\n<div class='tableauPlaceholder' id='viz1573218543873' style='position: relative'><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Ap&#47;ApartmentMarketReport-October2019&#47;RentCafeRentReport&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='ApartmentMarketReport-October2019&#47;RentCafeRentReport' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Ap&#47;ApartmentMarketReport-October2019&#47;RentCafeRentReport&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><param name='filter' value='publish=yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1573218543873');                    var vizElement = divElement.getElementsByTagName('object')[0];                    if ( divElement.offsetWidth > 800 ) { vizElement.style.width='800px';vizElement.style.height='654px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='800px';vizElement.style.height='654px';} else { vizElement.style.width='100%';vizElement.style.height='537px';}                     var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/p>\n<h3>Rents are above the national average in\u00a06 of the 20 largest U.S. renter hubs<\/h3>\n<p>The ongoing desirability of renter core cities like <strong>Denver, CO<\/strong> ($1,670), <strong>Chicago, IL<\/strong> (1,965), <strong>Seattle, WA<\/strong> ($2,138), <strong>Washington, DC<\/strong> ($2,233), and <strong>LA<\/strong> ($2,530) is reflected in the average apartment rates. At $4,245 on average per month, it&#8217;s no wonder\u00a0<strong>Manhattan<\/strong> leads the pack of renter hubs with monthly rates above the national average. However, desirability goes both ways with more and more renters opting for the opportunities and affordability of hotspots such as\u00a0<strong>Indianapolis, IN<\/strong> ($887),\u00a0<strong>Columbus, OH<\/strong> ($940) or\u00a0<strong>San Antonio, TX<\/strong> ($1,044).<\/p>\n<p>Incidentally, with the exception of <strong>Indianapolis<\/strong> (0.3% m-o-m), these cities are also the ones that saw rents drop or flatline compared to September. <strong>Manhattan<\/strong> had the biggest drop by 0.5% m-o-m, followed by <strong>Chicago<\/strong> (0.4%), <strong>Columbus<\/strong> (0.2%), and <strong>Seattle<\/strong> (0.1%), while apartments in <strong>Denver<\/strong> and <strong>San Antonio<\/strong> remained more or less the same as last month, much like\u00a0<strong>DC<\/strong> and <strong>LA<\/strong> (0.1%).<\/p>\n<p>The highest m-o-m increase among U.S. renter hubs, <strong>0.8%<\/strong>, was felt in\u00a0<strong>Phoenix, AZ<\/strong>, bringing the monthly average to $1,111. Rents in <strong>Tampa, FL<\/strong> ($1,339) are up by\u00a0<strong>0.7%<\/strong> m-o-m, followed by those in <strong>Austin, TX<\/strong> ($1,442) with <strong>0.6%<\/strong> m-o-m.\u00a0An affordable $1,240 average and a subdued m-o-m increase of <strong>0.5%<\/strong> is what still places <strong>Dallas, TX<\/strong> among the most sought-after renter cities in the country. Doug Ressler, Manager of Business Intelligence at Yardi Matrix believes that <strong>these are the cities that have benefitted from a combination of tech-driven growth and booming populations.<\/strong><\/p>\n<p><script id=\"infogram_0_0b7ad04d-c433-4521-9c31-f5a2c922716c\" title=\"Avg Rent by MegaHubs - October-graph\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?52A\" type=\"text\/javascript\"><\/script><\/p>\n<h3>The nation&#8217;s largest cities show minor monthly changes in average rent<\/h3>\n<p>Rents dropped in 4 out of the 5 most expensive large cities in the past month, the only exception being <strong>San Francisco, CA<\/strong>, where a 0.3% m-o-m increase brought the average to $3,733\/month. Monthly decreases ranged from -0.3% in <strong>Brooklyn, NY<\/strong> ($2,953) to -0.7% in <strong>Boston, MA<\/strong> ($3,429). <strong>San Jose, CA<\/strong>\u00a0registered a 0.6% m-o-m drop, making it the fifth priciest large city with $2,729\/month. <strong>Manhattan<\/strong> may be the most expensive of the bunch, but it was its sister\u00a0<strong>Queens, NY <\/strong>that\u00a0saw average apartment rates go up the most of all the large cities analyzed. Average rates reached $2,598 after a significant 2.7% rise compared to September, which puts the borough in 6th place among the priciest largest cities.<\/p>\n<p>The flipside occurs in the nation&#8217;s 5 most affordable large cities. Besides <strong>Columbus, OH<\/strong> ($940), which registered a 0.2% drop since September, the rest registered slight upticks. <strong>Oklahoma City, OK<\/strong> remains the most affordable large city ($783) after a 0.4% increase, followed by <strong>El Paso, TX<\/strong> ($791) with 0.5% m-o-m.\u00a0 Next up is <strong>Memphis, TN<\/strong> ($809) with a blink-and-you&#8217;ll-miss-it 0.1% m-o-m, and <strong>Indianapolis, IN<\/strong> ($887), where average rates are 0.3% more expensive than last month.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-93685 size-full\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Large-Cities-map.png\" alt=\"October Rent Report_Large Cities map\" width=\"900\" height=\"639\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Large-Cities-map.png 900w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Large-Cities-map.png?resize=500,355 500w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Large-Cities-map.png?resize=768,545 768w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Large-Cities-map.png?resize=150,107 150w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/p>\n<h3>Average apartment rates keep steady in mid-sized cities<\/h3>\n<p>Seemingly unperturbed by seasonality, mid-sized cities continue to show the smallest fluctuations when it comes to the average monthly rent. Among the nation&#8217;s priciest ones, monthly shifts range from 0.5% and 0.1% drops in <strong>Oakland, CA<\/strong> ($2,916) and <strong>Miami, FL<\/strong> ($1704), to 0.5% increase in <strong>Long Beach <\/strong>($2,113) and\u00a00.4% in\u00a0<strong>Santa Ana<\/strong> ($1,954)\u00a0and <strong>Anaheim, CA <\/strong>($1,835).<\/p>\n<p>The top for most affordable mid-sized cities remains almost unchanged since September, with a switch between\u00a0<strong>Albuquerque, NM<\/strong> ($921) and\u00a0<strong>Lexington, KY<\/strong> ($919) on the 4th and 5th places. When discussing nationwide affordability,\u00a0<strong>Wichita, KS<\/strong>\u00a0is still the belle of the ball with a\u00a0$658 average (0% m-o-m). <strong>Tulsa, OK<\/strong> is not that far behind in desirability with $708 after a 0.4% m-o-m rise, followed by <strong>Tucson, AZ,<\/strong> where the modest $888 average is 0.2% more expensive than last month.<\/p>\n<p><a href=\"#fulltable\">See the complete list of cities at the end of this report<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-93727 size-full\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Mid-Size-Cities-map.png\" alt=\"October Rent Report_Mid-Size Cities map\" width=\"900\" height=\"639\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Mid-Size-Cities-map.png 900w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Mid-Size-Cities-map.png?resize=500,355 500w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Mid-Size-Cities-map.png?resize=768,545 768w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Mid-Size-Cities-map.png?resize=150,107 150w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/p>\n<h3>The most expensive small cities saw rents drop since September<\/h3>\n<p>Although they all registered slight monthly drops, the ranking for most expensive small cities in the United States remains the same as in September. The $3,302 in <strong>San Mateo, CA<\/strong> is 0.5% cheaper than last month, while in\u00a0<strong>Cambridge, MA<\/strong> the average reached $3,191 after it went down by 0.2%. <strong>Sunnyvale, CA<\/strong> had the most significant decrease (-0.8%) and is now $3,004\/month. With rents in the $2,900s, both <strong>Jersey City, NJ<\/strong> and <strong>Santa Clara, CA<\/strong> experienced apartment rates go down by 0.4% and 0.2%, respectively.<\/p>\n<p>Monthly rent evolution is slightly different in the most affordable small cities. With the exception of <strong>Amarillo, TX<\/strong>, where there was no change in average, the rest of the small cities experienced rises in rent. With a $1 difference in average, <strong>Toledo, OH<\/strong>\u00a0($733) and <strong>Brownsville, TX<\/strong>\u00a0($734) switched places on the podium following a 0.1.% rise and more remarkable 1.4% m-o-m increase in Brownsville&#8217;s case. After the effects of 0.3% and 1.5% monthly increases, respectively, both <strong>Independence, MO<\/strong> and <strong>Killeen, TX<\/strong> share the same reasonable monthly average, $765\/month.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-93730 size-full\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Small-Cities-map.png\" alt=\"October Rent Report_Small Cities map\" width=\"900\" height=\"639\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Small-Cities-map.png 900w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Small-Cities-map.png?resize=500,355 500w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Small-Cities-map.png?resize=768,545 768w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_Small-Cities-map.png?resize=150,107 150w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/p>\n<h3>2-bedroom apartments are at the top of renter preferences<\/h3>\n<p>2-bedroom apartments continue to be the most popular among renters, with more than 40% of searches on\u00a0RentCafe.com. According to traffic data, 1-bedroom apartments make up almost 31% of searches, which puts them in second place among renter preferences. Renters seem to be least interested in 3-bedroom units (15%) and studios (14%).<\/p>\n<div>\n<div style=\"max-width: 700px; margin: 0 auto;\"><script id=\"infogram_0_e1d8c3ae-41e1-48d6-8a4b-0448ef758139\" title=\"Traffic Shares - Rent Report October\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?Dl9\" type=\"text\/javascript\"><\/script><\/div>\n<h3><strong id=\"fulltable\">Check the average rent price in your city by using this interactive table:<\/strong><\/h3>\n<p><script id=\"infogram_0_94524e35-6feb-4db7-b0f3-e49bdf7c4246\" title=\"Avg Rent by City Type - October\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?3SF\" type=\"text\/javascript\"><\/script><\/p>\n<ul>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/alabama-rent-report-october-2019\/\">Alabama<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/arkansas-rent-report-october-2019\/\">Arkansas<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/southern-california-rent-report-october-2019\/\">Southern California<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/central-valley-rent-report-october-2019\/\">Central Valley California<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/bay-area-rent-report-october-2019\/\">Bay Area California\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/colorado-rent-report-october-2019\/\">Colorado<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/connecticut-rent-report-october-2019\/\">Connecticut<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/cook-county-rent-report-october-2019\/\">Cook County Illinois<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/florida-rent-report-october-2019\/\">Florida<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/georgia-rent-report-october-2019\/\">Georgia<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/indiana-rent-report-october-2019\/\">Indiana<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/iowa-rent-report-october-2019\/\">Iowa<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Kansas-rent-report-october-2019\/\">Kansas<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Kentucky-rent-report-october-2019\/\">Kentucky<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Massachusetts-rent-report-october-2019\/\">Massachusetts<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Michigan-rent-report-october-2019\/\">Michigan<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Minnesota-rent-report-october-2019\/\">Minnesota<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Mississippi-rent-report-october-2019\/\">Mississippi<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Missouri-rent-report-october-2019\/\">Missouri<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/nebraska-rent-report-october-2019\/\">Nebraska<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/New-Jersey-rent-report-october-2019\/\">New Jersey<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/New-Mexico-rent-report-october-2019\/\">New Mexico<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/New-York-state-rent-report-october-2019\/\">New York State<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/north-carolina-rent-report-october-2019\/\">North Carolina<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Ohio-rent-report-october-2019\/\">Ohio<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Oklahoma-rent-report-october-2019\/\">Oklahoma<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Oregon-rent-report-october-2019\/\">Oregon<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Pennsylvania-rent-report-october-2019\/\">Pennsylvania<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Tennessee-rent-report-october-2019\/\">Tennessee<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Texas-rent-report-october-2019\/\">Texas<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Utah-rent-report-october-2019\/\">Utah<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/seattle-metro-rent-report-october-2019\/\">Seattle Metro<\/a><\/li>\n<li><a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/local-rent-reports\/Wisconsin-rent-report-october-2019\/\">Wisconsin<\/a><\/li>\n<\/ul>\n<h3><strong><em>Methodology:<\/em><\/strong><\/h3>\n<p><em><a href=\"https:\/\/www.rentcafe.com\/\">RentCafe.com<\/a>\u00a0is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.<\/em><\/p>\n<p><em>To compile this report, RentCafe\u2019s research team analyzed rent data across the 260 largest cities in the US.\u00a0 The data on average rents comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company <\/em><em><a href=\"https:\/\/www.yardimatrix.com\/\">Yardi Matrix<\/a><\/em><em>, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. The national average rent includes over 133 markets across the U.S., including any that have been recently released, as reported by Yardi Matrix. RentCafe\u00a0compiles this report at the city level, unlike Yardi Matrix who prepares reports at the market level. The national rent value is derived from the core 60 markets with years of tracked data that makes a consistent basket of data. <\/em><\/p>\n<div class=\"usagerights\">\n<div class=\"fairuse\">\n<h3>Fair use and redistribution<\/h3>\n<p>We encourage you and freely grant you permission to reuse, host, or repost the images in this article. When doing so, we only ask that you kindly attribute the authors by linking to <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\">RentCafe.com<\/a> or this page, so that your readers can learn more about this project, the research behind it and its methodology. For more in-depth, customized data, please contact us at <a href=\"mailto:media@rentcafe.com\" target=\"_blank\" rel=\"noopener noreferrer\">media@rentcafe.com<\/a>.<\/p>\n<p><!-- This site is converting visitors into subscribers and customers with OptinMonster - https:\/\/optinmonster.com --><br \/>\n<script type=\"text\/javascript\" src=\"https:\/\/a.optmnstr.com\/app\/js\/api.min.js\" data-account=\"63393\" data-user=\"56204\" async=\"\"><\/script><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: The national average rent went up by 3.2% in the past year and 0.1% month-over-month, reaching $1,476 in October, according to data from Yardi Matrix. Rents in 65% of the 260 analyzed cities are below the national average, while the remaining 35% are above $1,476. Apartment rates in most major renter hubs in&hellip;<\/p>\n","protected":false},"author":68,"featured_media":93664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4245,3660],"tags":[],"class_list":["post-93469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apartment-rent-report","category-real-estate-news","gallery-content-unit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apartment Rents Stabilize as the National Average Reaches $1,476 in October\u00a0 - RentCafe rental blog<\/title>\n<meta name=\"description\" content=\"The national average rent went up by 3.2% in the past year and 0.1% month-over-month, reaching $1,476 in October\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/october-2019-national-rent-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apartment Rents Stabilize as the National Average Reaches $1,476 in October\u00a0\" \/>\n<meta property=\"og:description\" content=\"The national average rent went up by 3.2% in the past year and 0.1% month-over-month, reaching $1,476 in October\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/october-2019-national-rent-report\/\" \/>\n<meta property=\"og:site_name\" content=\"RentCafe rental blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-15T08:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-03T07:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/11\/October-Rent-Report_featured-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alexandra Ciuntu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexandra Ciuntu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/october-2019-national-rent-report\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/october-2019-national-rent-report\/\",\"name\":\"Apartment Rents Stabilize as the National Average Reaches $1,476 in October\u00a0 - 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