TAKEAWAYS
Average rent prices increased in all but three cities analyzed from Q1 2022 to Q2 2022. Of the cities analyzed, Miami, FL saw the highest quarter-over-quarter rent price increase at 14%. Quarterly rent prices decreased in Atlanta, GA; Philadelphia, PA; and Houston, TX, with Houston seeing the highest decrease at -19%. New York City had the highest average rent price in Q2 2022 at $5,367, and Columbus, OH had the lowest average rent at $1,429. As always, thorough due diligence and assessment of current market conditions are critical to making successful real estate decisions. Whether you are setting your rent or evaluating an investment property opportunity, we recommend identifying sources of reliable market information and contacting local professionals familiar with your target rental markets.
This article was contributed by the Rentometer Team Visit rentometer.com to analyze rental addresses and neighborhoods today. Rentometer uses proprietary technology and data to provide a thorough rent comparison analysis in seconds.
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