Apartment Rents on the Rise

Rents rose almost one percent last quarter in the nation's largest metropolitan areas, and San Francisco kept its spot as the best rental market — for landlords, that is. Rents in SF have increased 11.5 percent in just one year, and last quarter alone they increased 2.1 percent bringing the average apartment rent to $1,801. Rents have also been increasing in Seattle, WA, Omaha, NE, Los Angeles, and New York. Several cities in Florida have the weakest rental markets because of the large amount of condos and houses that have been put on the market for rent on top of the existing apartments.

I'm keeping my eye on the house prices in the Bay Area, while keeping my fingers crossed that my landlord doesn't raise my rent!


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