CAMBRIDGE, MA / ACCESSWIRE / October 4, 2023 / ApartmentAdvisor, ( www.apartmentadvisor.com ), a leading apartment rental search and data platform, today released its September 2023 National Rent Report ( https://www.apartmentadvisor.com/national-rent-report ), providing data on rent price trends in 100 major cities in the U.S.
Key findings:
- At $1,464, the national median rent price for a one-bedroom apartment decreased 1.2% in September and was down 2.4% from a year ago during the same period, continuing an overall softening trend from post-pandemic spikes seen in the summer of 2022.
- The top three most expensive rental markets bucked the national trend, with one-bedroom rent prices up in New York City (+3%), Jersey City (+5.2%), and Boston (3.4%) in September. Prices in New York City reached a record $4,328 - nearly triple the national median.
- Over the past year, prices continued to swing in opposite directions for New York and San Francisco. Prices in New York City were up 23.8% versus last September. Meanwhile, San Francisco, while still the fourth most expensive rental market in the nation, saw the one-bedroom median price drop 5.3% from September 2022.
The ApartmentAdvisor National Rent Report is published monthly and includes national rent price data as well as rent price data by state and for 100 major cities in the U.S. ApartmentAdvisor also publishes city-specific reports that are updated daily and include historic price data, available here: https://www.apartmentadvisor.com/market-reports . For further inquiries on ApartmentAdvisor rent data, please contact pr@apartmentadvisor.com .
About ApartmentAdvisor:
ApartmentAdvisor ( www.apartmentadvisor.com ) is the go-to destination for renters looking to find their perfect apartment. Combining rigorous rent price analytics and neighborhood insights, ApartmentAdvisor gives renters an easier way to compare prices, features, and locations of available apartments to find the right place.
ApartmentAdvisor was founded in 2020 by the same innovators that started TripAdvisor and CarGurus, including co-chairmen Langley Steinert (co-founder of TripAdvisor and founder and executive chairman at CarGurus) and Oliver Chrzan (former chief technology officer at CarGurus).
PR Contact:
Amy Mueller
amy.mueller@apartmentadvisor.com
617-216-2900
SOURCE: ApartmentAdvisor
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