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These Cities Saw The Biggest Rent Increases In August

Apartment rents, Apartment For Rent

As housing demand continues to outpace supply, apartment rents all over the country are spiking. In its latest apartment report, Abodo listed 10 cities that saw the highest rent increases from Aug. 1 to Sept. 1.

“Rental rates have continued to rise year-over-year because many people across the nation enjoy the convenience of renting in comparison to owning a home,” report author Sam Radbil tells Bisnow. See which cities posted the highest increases. 

Miami, FL.

August Rent: $1,599

September Rent: $1,739

Increase: 9%

Bakersfield, CA

August Rent: $669

September Rent: $725

Increase: 9%

Philadelphia, PA

August Rent: $1,291

September Rent: $1,379

Increase: 7%

Fresno, CA

August Rent: $743

September Rent: $790

Increase: 6%

Detroit, MI

August Rent: $572

September Rent: $606

Increase: 6%

Riverside, CA

August Rent: $898

September Rent: $950

Increase: 6%

Minneapolis, MN

August Rent: $1,368

September Rent: $1,424

Increase: 4%

Memphis, TN

August Rent: $829

September Rent: $857

Increase: 3%

St. Louis, MO

August Rent: $888

September Rent: $909

Increase: 2%

San Diego, CA

August Rent: $1,738

September Rent: $1,775

Increase: 2%