Nationwide Rents Continue to Improve in Q2

We've updated our quarterly analysis of US rent trends. See it here. During the second quarter of 2010, the average rent for an apartment in the United States increased by $27 to $1,087, an increase of 2.5%.

"In the second quarter, rent nationwide was up by 2.5% when compared to the first quarter of 2010, which is the continuation of an improvement trend that started in January. Rent in Q4, 2009 was down by approximately 3% from the prior quarter, and during Q1 2010, rent was flat. So an increase of 2.5% in Q2, 2010 is significant."

Nationwide Rents Show Improvement in Q1

We've updated our analysis of US rent trends. See it here. During the first quarter of 2010, the average rent for an apartment in the United States has remained flat at $1,020 according to Rent Jungle, an apartment search and market research website.

"We are seeing some encouraging signs in the overall national rental market," says Rentjungle.com CEO Jon Pastor. "In the first quarter, rent nationwide was flat when compared to the fourth quarter of 2009, which is a reversal in a negative trend. Rent in Q4, 2009 was down by approximately 3% from the prior quarter, so a flattening in Q1, 2010 is an improvement."

Detailed Rent Trends By City Now Available

We've rolled out the capability to see detailed average rent trends by city. From our "Market Trends" section, select the city name from the yellow shaded drop down in the upper left of the screen to see average rents, trends for the last 6 months and detailed statistics by neighborhood.

For example, rent trends in Chicago.

Nationwide Rents Down 4%

We've updated our analysis of US rent trends. See it here.

Over the last 6 months, the average rent for an apartment has decreased by $40 to an average of $961 per month, a decrease of ~4%. Wichita, Indianapolis, Miami all saw rent increases above 2%. The majority of cities, however, are still flat or decreasing. Oklahoma City, New York, Albuquerque, Portland, Louisville, Los Angeles, Dallas, Phoenix, Denver, and Nashville all posted declines from 7% to 9%.

Refer Friends and Win Free Rent

We are giving away one month of free rent (up to $500) for those who share Rent Jungle with their friends (you can use Facebook, Twitter, whatever!). Check out how to win free rent by clicking here.

For each person you refer, you get one entry in the drawing. A winner is selected every month! And you can keep winning over time, so referring a bunch of people can really pay off. You will be givin a unique tracking URL that you can email, share on Facebook, Tweet about, or anything you want! When a user clicks your URL, you get entered.

New Feature: Neighborhood Search

This week we rolled out the ability to browse apartments by neighborhood within a city. Check it out on this Chicago Apartments For Rent example. You can filter by Lincon Park Apartments , for example.

New Press Release: Best Places To Get Back on Your Feet After Foreclosure

New press release hit the wires today featuring our new apartment market data features. Check it out:

Best Cities To Get Back On Your Feet After Foreclosure

Topping the list of the best places to get back on your feet are Indianapolis, Pittsburgh, Oklahoma City, Cincinnati, and Omaha. All three boast inexpensive apartment rents, low house prices, high average salaries, and low unemployment.