Apartment rents, on average, rose by $1 in July to $1,350, according to data compiled from 121 markets recently released in a report by Yardi® Matrix.
“The market is in an extended period of rate-growth deceleration, coming down from unsustainably high increases,” according to the report.
The leading areas for growth in July were Sacramento, Calif., Seattle, Wash., California’s Inland Empire, Los Angeles, Calif., and Minneapolis-St. Paul, Minn.
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