US Average Apartment Rent Hits $1,220

According to the latest Yardi Matrix average U.S. rents increased by $3 in August to a new high of $1220 – representing the 8th consecutive monthly record.  Rents were up 5% year-over-year (down 50 basis points from July) however there are some signs rent growth is cooling.  Yardi says that fundamentals in most of the [...]