Rent is up dramatically all over Dallas, even in the nation’s No. 1 market for apartment construction.
And anyone who needs a two-bedroom could be seeing prices increase by nearly a third.
The average rent for a two-bedroom apartment is $2,414, according to a recent report from Rent.com.
That’s up 31.34% in December compared to the previous year.
Only nine other U.S. cities saw greater price increases:
- Jacksonville, FL (+44.8 percent)
- Albuquerque, NM (+41.3 percent)
- Hialeah, FL (+41.1 percent)
- Glendale, AZ (+37.4 percent)
- Mesa, AZ (+35.5 percent)
- Orlando, FL (+33.0 percent)
- Jersey City, NJ (+32.3 percent)
- Lexington, KY (+31.8 percent)
- Little Rock, AR (+31.5 percent)
- Dallas, TX (+31.2 percent)
Meanwhile, apartment occupancy is at an all-time high in the United States.
