Robins Global News & Noticias

  • Featured Guest Post
    Featured Guest Post
  • Featured Guest Post
    Featured Guest Post
  • Featured Guest Post
    Featured Guest Post
  • Featured Guest Post
    Featured Guest Post
  • Trump Pence News
    Trump Pence News
  • Weather Alerts
    Weather Alerts

RobinsPost News Network

+ Larger Font | + Smaller Font

Consumer Daily Reports

Consumer News: The average apartment rent rose 4.2 percent in the last year

PhotoConsumers who have been priced out of the housing market, and those who just prefer to rent, are facing higher costs.

In its 2019 Rent Report, Apartment Guide reports the average rent is up 4.2 percent in the last 12 months. A big driver of the increase is an increase in demand for affordable housing, as home ownership has leveled off.

The report makes calculations based on the costs of a studio, one-bedroom, and two-bedroom apartment. It also makes adjustments for different geographic locations within the U.S.

Among the report’s significant findings -- the Northeast has the highest average rents in the U.S., with the average two-bedroom apartment going for more than $3,000 a month. While the average rent is up on an annual basis, it’s down slightly from September’s peak.

You can get the best deal on an apartment in the South. The average rent has risen there in the last 12 months, but not by much. The next-smallest increase in rent took place in Midwestern markets.

Biggest increase in Newark

Breaking down the top 100 housing markets, the biggest annual increase in rent occurred in Newark, N.J., where rents went up more than 17 percent during 2018. On the other end of the scale, rents actually went down in New Orleans, falling 11.4 percent.

Rising rent has been a growing problem because so many people are unable to purchase homes. Rising home prices and a steady increase in mortgage rates have made more homes in more markets unaffordable.

While construction of new apartments has increased in recent months, it hasn’t been enough to keep up with the demand, which has served to push rents higher.


A 2018 report by the Pew Charitable Trust found that increases in rent have pushed more people into a classification called “rent-burdened.” That’s defined as a household spending 30 percent or more of its monthly income on rent.

These households will typically find it much more difficult to transition to homeownership and tend to be more “financially fragile.”

In the wake of the housing crash, mortgage lenders dramatically increased their lending standards, meaning fewer consumers could qualify for a mortgage to purchase a home. That kept more consumers in the rental market, dramatically raising rents in most areas.

Mortgage standards have been relaxed a bit, but there are fewer homes to buy because home builders have scaled back their production over the last decade. That means some families that might be able to afford a home continue to rent.

Posted: 2019-02-08 15:45:43

Get Full News Story On Consumer Affairs

Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.

Print Friendly and PDF Share Embed

Related News Stories From The Web And More

Related Bing News

Consumer News: The average apartment rent rose 4.2 percent in the last year | Consumer Daily Reports | RobinsPost News Network - Newscast

Housing costs skyrocketed in 2018, but could slow this year, analyst says

Wed, 24 Apr 2019 18:05:00 GMT

"However, for households trying to buy or rent, conditions were not so upbeat." He noted that home prices and rental rates rose significantly ... Data showed that last year's median new home sales ...

Top 5 Markets for Rent Growth

Wed, 24 Apr 2019 01:06:00 GMT

Nationwide, multifamily rents rose by $4 in March to $1,430, with year-over-year growth down 20 basis points to 3.2 percent, according to Yardi Matrix. Rent growth was led by secondary and tertiary ...

Santa Clarita Logs Biggest Rent Hikes in L.A. Metro Market

Tue, 23 Apr 2019 14:15:00 GMT

... 1.7 percent over the past month and have increased moderately by 3.1 percent in comparison to the same time last year,” the report read. By comparison, the national rent index rose just 1.3 ...

Spring brings more good news for home sellers in Manatee. For buyers, not so much

Mon, 22 Apr 2019 13:26:00 GMT

Single-family home sales increased 8.4 percent in Manatee County in March, compared to the same month a year ago, while the median price rose 9.5 percent to $312,000 ... if you can afford to rent, you ...

Where's the strongest apartment rent growth in Philadelphia? Not Center City

Wed, 17 Apr 2019 09:12:00 GMT

That’s up from 11 units a year ago, based on Delta's data. Rents in that submarket are also on the rise. North Philadelphia led in rent growth during the first quarter, which rose by 3.6 percent to $1 ...

Related Bing Web Search

Consumer Price Index Summary - Bureau of Labor Statistics

(Fri, 11 Jan 2019 13:46:00 GMT)

U.S. Bureau of Labor Statistics | Division of Consumer Prices and Price Indexes, PSB Suite 3130, 2 Massachusetts Avenue, NE Washington, DC 20212-0001

Nashville rent prices rose 37 percent in three years ...

(Tue, 18 Dec 2018 14:50:00 GMT)

NASHVILLE, Tenn. (WTVF) — A new study ranks Nashville 7th in the nation where rent prices continue to rise. A study from Smart Asset says rent prices have gone up 37 percent from 2014 to 2017.

Consumer Price Index, Seattle area — February 2019 ...

(Mon, 11 Mar 2019 23:56:00 GMT)

Prices in the Seattle area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.7 percent for the two months ending in February 2019, the U.S. Bureau of Labor Statistics reported today.

Mortgage Rates Continue to Rise - Freddie Mac

(Mon, 22 Apr 2019 17:44:00 GMT)

Mortgage Rates Continue to Rise April 18, 2019. After dropping dramatically in late March, mortgage rates have modestly increased since then. While this week marks the third consecutive week of rises, purchase activity reached a nine-year high – indicative of a strong spring homebuying season.

Current U.S. Inflation Rate Statistics and News - The Balance

(Tue, 23 Apr 2019 02:26:00 GMT)

BLS Inflation Calculator The BLS inflation calculator quickly shows how inflation eats away at your purchasing power. For example, a 2.5 percent inflation rate means that something that cost $100 last year now costs $102.50.

Triple digit increases in real estate inventory: Las Vegas ...

(Sat, 09 Feb 2019 07:49:00 GMT)

The housing market is in a state of adjustment. Inventory is up dramatically in many places. In the last housing correction, Las Vegas was a leading indicator for California and we are now seeing some dramatic increases in inventory in the area. Las Vegas inventory is now up 106 percent year-over ...

Investment Analysis of Israeli Real Estate Market

(Wed, 19 Dec 2012 03:07:00 GMT)

Weighed down by government cooling measures, the average price of owner-occupied dwellings in Israel fell by 0.49% during the year to Q2 2018 (-1.21% in real terms), after an annual price rise of 4.48% the previous year in Q2 2017, according to the Central Bureau of Statistics (CBS).. It was the first y-o-y decline since Q2 2007.

Inflation perk ups in February, CPI shows, but not enough ...

(Tue, 12 Mar 2019 12:49:00 GMT)

Another closely watched measure of inflation that strips out food and energy rose 0.1% last month, the smallest advance since last August. The yearly increase in the so-called core rate also ...

2016 NAA Survey of Operating Income & Expenses in Rental ...

(Sat, 20 Apr 2019 08:35:00 GMT)

Over the past 36 months, the multifamily housing industry has experienced unprecedented growth during a time of transformative change and accelerated effects of disruptive technologies. While demand for rental apartments has contributed to rapidly increasing rents, declining vacancies and significant asset value increases, the impact of Airbnb, Uber, Lyft, social media, online

A look at Houston's dramatic rent increases in 2018 — and ...

(Tue, 16 Oct 2018 10:28:00 GMT)

Houston is the country’s fourth largest city, an energy industry center, a port city, and a magnet for recent U.S. arrivals. This city has a ton of economic factors that may impact rent prices ...

Related News Story Videos From Youtube

Denver rental prices continued their upward climb in July, up 1.2 percent

Related Videos On: Denver rental prices continued their upward climb in July, up 1.2 percent

Where Americans pay the highest and lowest property taxes

Related Videos On: Where Americans pay the highest and lowest property taxes

Springs residential rent rose 6% last year

Related Videos On: Springs residential rent rose 6% last year

Apartment Dwellers Facing More Financial Pressure As Rents Rise

Related Videos On: Apartment Dwellers Facing More Financial Pressure As Rents Rise

Rising Rents Affecting Mountain View Families | KQED News

Related Videos On: Rising Rents Affecting Mountain View Families | KQED News

Blow Us A Whistle

Comments (Whistles) Designed By Disqus

Company Information

Official Content Providers


We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
© 2008-2019 RobinsPost (The Bird's Eye View Company) All rights are reserved.
RobinsPost provides links to news sites based on their RSS feeds.
All trademarks, copyrights, videos, photos and logos are owned by news sources.
News stories, videos and live streams are from trusted sources:
Bing News, Google News, and YouTube Search Results.
ROBINSPOST Is Proudly Made In America.
Where Quality, Safety and Service Comes First.