The Midwest has firmly taken hold of the top US region for apartment rent growth, a trend that could continue into 2023, according to a year-end report from Apartment List.
It sees signs of demand heating up in Midwestern markets with St. Louis, Indianapolis, Kansas City, and Cincinnati metros all ranking among the top 10 for fastest rent growth in 2022.
Rent growth in each of the markets slowed this year compared to 2021, a sign largely reflective of the broad cooldown in the national rental market, according to its report.
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