Wednesday, April 7, 2010

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."