Great news for real estate investors looking for long term rental properties!
In an article published on CNN Money by Kathryn Vasel, the cities with the highest rental rates are above the nationwide average of $1,300/month. Topping off the list at the number one position, San Francisco has the highest rental rates at $4,780 for a two bedroom apartment. California alone had 3 cities in the top 10 list, along with New York, Seattle, and coming in last, Miami.
- San Francisco – #1
- San Jose – #6
- Los Angeles – #7
- Seattle – #8
- Miami – #10
Apartmentlist.com analyst Andrew Woo states that while rental rates aren’t going to get any cheaper, they are expected to slow down this year. See all the details from the article by clicking on the link below.
Published by: Kathryn Vasel, 4/1/16, for cnnmoney.com