As a follow up to my article about apartment rentals in Las Vegas I found this and wanted to link to it.
Apartment rent natinwide is likely to rise by 3.6 percent this year according to https://money.usnews.com/money/blogs/flowchart/2011/05/11/10-cities-with-the-flattest-rents.
In some cities though rent still remains a bargain. That could mean that homes are cheap and it make smore sense to buy than rent. Or it could reflect too many apartment comlexers and a high vacancy rate. Sometimes this happens when there are economical problems or when the population of a city is shrinking. It could be that the area is just a bad plact live, maybe there is a high crime rate or maybe there are no jobs.
Most of the cities on this list are still having problems related to the recession.
Las Vegas. Average rent: $814; annual increase: 1.3 percent
Wichita, Kan. Average rent: $527; annual increase: 2 percent
Tulsa, Okla. Average rent: $595; annual increase: 2.1 percent
Lexington, Ky. Average rent: $666; annual increase: 2.2 percent
Los Angeles. Average rent: $1,427; annual increase: 2.2 percent
Orlando. Average rent: $887; annual increase: 2.3 percent
Miami. Average rent: $1,116; annual increase: 2.4 percent
Jacksonville, Fla. Average rent: $816; annual increase: 2.5 percent
Buffalo. Average rent: $755; annual increase: 2.5 percent
St. Louis. Average rent: $749; annual increase: 2.5 percent
How about you? Any luck finding apartments in Las Vegas? Comment below.
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