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Apartment rents are continue to rise across the country, but particularly on the West Coast. According to a new report from Rent Café, apartment rents are up 3.1% nationally, but growing West Coast cities are exceeding the national growth. San Diego apartment rents are up 5% and rents in Phoenix have increased 6.8%. Las Vegas is also seeing substantial rent growth, up 6.2%, according to the report. These three cities are on the list of the top five markets for apartment rent growth.

“Strong economic metrics and healthy demand for rentals from both older renters who are postponing homeownership due to rising home prices and from the increasing number of young renters entering the market continue to drive apartment rates up,” Nadia Balint, the author of the report, tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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