Houston apartment rates rising faster than almost anywhere else, report says

HOUSTON, Texas (KTRK) -- Recently, Abodo released its midyear rent report, detailing rental price trends throughout the country during the first six months of 2017.

Nationally, rents remained fairly steady from January to July - despite falling through March, the nation's average one-bedroom rent eventually returned to $1,016, exactly where it was in January. As usual, cities like San Francisco and New York topped the list for highest median rent, with one-bedrooms going for $3,240 and $2,919, respectively.

But what about Texas?

At $871, the Lone Star State's average one-bedroom rent for the first half of 2017 was significantly lower than the national average. It changed an average of 1.12 percent over the year's first six months, decreasing from $848 in January to a low of $829 in February, before steadily climbing to a high of $905 in July.

But how much were rents in Houston? Read more at Houston CultureMap.

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