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Apartment rents, on average, rose by $6 in March to $1,312, according to data compiled from 124 markets recently released in a report by Yardi® Matrix.

“We maintain the forecast of a 3 percent increase in rents for the year,” says Jeff Adler, vice president of Yardi Matrix. “The economic climate may influence market projections.”

The leading areas for growth in March were Sacramento, Calif., California’s Inland Empire, Los Angeles, Calif., Seattle, Wash., and San Diego, Calif.

View the full report here.

For more information, please visit www.yardi.com.

For the latest real estate news and trends, bookmark RISMedia.com.

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