Last fall, Chester Brown Jr.'s rent went up by $150 a month. He's about to get hit again.
Brown's landlord just told him his 950-square-foot, townhouse-style apartment is going for even more in today's frenzied rental market.
"They say the market price for that unit is $1,100," said Brown, who lives with his wife and two young children in a complex near T.C. Jester and the North Loop.
Brown's situation is not unique. Rising rents have put landlords in the catbird seat.
Rents in the Houston area are at an all-time high and tenants are facing steep increases as demand for apartments shows no signs of slowing.
Read more...Rents continue to rise in the Houston area - Houston Chronicle
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