Rent growth has been harder to come by in most markets this year after two years of historic gains. With complete data not quite in for December, here is a look at the ten most expensive, and least expensive, markets as of the end of November with the corresponding year-to-date rent change for each. Only the 50 largest U.S. markets are included, and average effective rent refers to the average for a new resident.
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Market
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Avg Effective Rent
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Percent Change
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Rent growth has been harder to come by in most markets this year after two years of historic gains.
A primary aspect of multifamily industry performance both last year and this year has been the effect of the new construction pipeline.
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