The average rent for apartments in Houston decreased 1.1 percent over the past year, a new analysis from TransUnion shows.
Houston’s average rent was $881 in the first quarter of 2012, down from $891 in the same quarter a year earlier. Meanwhile, the average rent nationwide was $865 in the first quarter, up 4.4 percent from the $829 average recorded in 2011.
That increase is not surprising considering vacancy rates reached their lowest level since 2001, TransUnion Rental Screening Solutions President Mike Mauseth said in the company’s statement.
Read more...Apartment rent decreases in Houston, increases nationwide - Houston Business Journal
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