Houston topped a list of metro areas with the biggest declines in rent, a new study shows.
The average rent in Houston fell by 14 percent to $1,306 for a one-bedroom apartment in July, down from $1,521 in July, apartment listing firm Abodo reported.
The drop likely reflects a slowing of job growth at the same time the supply of apartments has increased, the company said. Developers will have added about 35,000 units in the area from January 2015 through December 2016.
Read more...Houston apartment rents drop most among major metro areas - Houston Chronicle