Press release from Apartment List:
Our newest monthly rent report is showing rents starting to rebound, with our national index up by 0.7% month-over-month, the biggest monthly increase since 2019.
The data continue to show significant regional variation, but the days of plummeting rents in pricey coastal markets appear to be coming to an end, as many of these cities experience positive month-over-month growth for the first time since the start of the pandemic. At the other end of the spectrum, many of the mid-sized markets that have seen rents grow rapidly through the pandemic are continuing to boom.
For more analysis of the newest monthly data, check out the full March Apartment List Rent Report.
Here are some of this month’s highlights:
Rents in Asheville held steady month-over-month, and are up by 5.2% year-over-year.
For comparison, year-over-year rent growth in Asheville was -0.1% at this time last year.
Median rents in Asheville currently stand at $1048 for a 1-bedroom apartment and $1389 for a two-bedroom.Check out the full report here: https://www.apartmentlist.com/nc/asheville?embargo=true#rent-report . As a reminder, we launched a new methodology for calculating our rent estimates, all the details of which are explained here.
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