Many apartment trends point to the South so it's little surprise, according to RealPage, that region and the Midwest feature the most affordable major apartment markets in the country.
Of the nation's 50 largest markets, six of the most affordable were in the Midwest and four were in the South, including the top three, according to RealPage's researcher Charlotte Wheeler.
Greensboro/Winston-Salem is considered the most affordable, with average effective asking rents of $1,209 in November, according to RealPage Market Analytics. That's about $600 a month less than the national average ($1,805).
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
