These 10 Cities Experienced Large Apartment Rent Boosts In August
Apartment demand continues to soar, thanks in large part to strong employment growth. Last month, employers added more than 255,000 jobs, following behind June's 287,000 job gains.
This month, apartment listings website Abodo released its national apartment report, which includes a list of 10 cities that experienced the biggest rent growth in July. Some of the top spots may surprise you.
Minneapolis, MN
July Rent: $1,197
August Rent: $1,368
Change: 14%
Nashville, TN
July Rent: $993
August Rent: $1,124
Change: 13%
Fort Worth, TX
July Rent: $794
August Rent: $896
Change: 13%
Portland, OR
July Rent: $1,222
August Rent: $1,370
Change: 12%
Baltimore, MD
July Rent: $1,091
August Rent: $1,219
Change: 12%
Atlanta, GA
July Rent: $1,313
August Rent: $1,415
Change: 11%
Virginia Beach, VA
July Rent: $764
August Rent: $844
Change: 11%
Los Angeles, CA
July Rent: $2,405
August Rent: $2,654
Change: 10%
San Antonio, TX
July Rent: $794
August Rent: $857
Change: 8%
Raleigh, NC
July Rent: $1,080
August Rent: $1,166
Change: 7%
