National Apt. Assn. Report: National Average Rents Exceed Record $1,500, Predicts Increases Ahead

The National Apartment Association reports that the average monthly national rent hit $1,514, topping the $1,500 mark for the first time in 150 metros surveyed. 

Meanwhile, RealPage reports that rent growth of between 10% and 19.2% is occurring across select big metros in the biggest 12-month hike recorded since early 2001.

Read the Washington Post Story.