Rents across the nation are currently at an all-time high, and Houston is especially feeling the pinch. The news hasn’t been that great about apartments and renting in a while, but a new study from RentCafe confirms that Houston is among the 20 metros with the highest projected rent hikes for 2016.
San Francisco, Sacramento, and Portland lead the projected increase, but Houston’s 3.4 percent isn’t anything to celebrate. According to the rental website, the current average rent for a Houston apartment is $1,036.
The question is not if rents are going to rise elsewhere in Texas but how much. In Dallas, No. 4 on RentCafe’s list, that number is forecasted at 7.3 percent, and Austin, No. 11, can expect to see the monthly rental bill rise about 5.8 percent.
RentCafe also says that the national average for an apartment hit an all-time high of $1,181 in March 2016, which is up 5.7