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Source: ABODO National Accommodation Report, November 2017

U.S. average hire for apartments rose $12 to $1,032 in November, the better month-over-month access of the year so far, according to a contempo ABODO report. The access additionally marks a 1.37 percent acceleration in rents back the alpha of the year. Aside from August, rents accept been on the uptick every ages back March.

The burghal with the accomplished rental increase was Cleveland, with average one-bedroom rents up 6.5 percent to $817. Indianapolis finds itself in additional place, with average one-bedroom rents ascent 5.4 percent to $748. Denver came in third, with the average one-bedroom amount ascent 4.4 percent to $1,393.

Except for Denver, however, the top three are still almost bargain markets, and alike Denver isn’t a top 10 bazaar back it comes to aerial rents. San Francisco, unsurprisingly, is the best big-ticket abode to hire an accommodation nationwide, with the average for a one bedchamber at the end of October at $3,303. Next on the high-rent account are New York, San Jose, Boston,Washington, D.C., Oakland, Los Angeles, Santa Ana, Calif., Honolulu and Miami.

Rents alone in some markets in October, according to ABODO. Norfolk, Va., was the top of that category, with one-bedroom rents falling 6 percent, to $705. Columbus, Ohio, was abutting abaft with one-bedroom accommodation rents hitting $812, bottomward 5.9 percent month-over-month. Newark, N.J., at cardinal three in the falling hire category, saw average rents bead 4.4 percent to $1,036.

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