Across the nation in April, median asking rents for units of all sizes fell year over year. Parts of the Midwest, however, did not get the memo, and rents rose, according to Realtor.com's April rental report.
In Nashville, rents for 0-2 bedroom apartments plummeted 8.4%, with two Texas metros close behind. In Austin, they dived 8.3%, in San Antonio 8.1% and in Houston 2.7%. Some Florida metros also fared poorly. In Orlando rents slumped 5.9%, in Miami 4.3%, in Jacksonville 3%, and in Tampa 2.5%.
Other Southern cities where renters could rejoice were Atlanta, Charlotte and Baltimore, which each saw rents drop 5.6%, Raleigh (down 5.3%), Memphis (down 4.9%), and Richmond (down 3%).
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
