Rent Statistics: The Average Monthly U.S. Rent for Apartments hit $1,008

May 10, 2012 6:01 pm

This is an all time high. We have written multiple posts on Rent Vs Buy – we spotted this today:

“Rents are surging from New York to Los Angeles. The average monthly U.S. rent for apartments hit $1,008 in the first quarter, pushing past the all-time high set in the third quarter of 2008, according to the data firm RealFacts. USC’s Lusk Center for Real Estate forecasts a 10% jump in Los Angeles County rents over the next two years. In certain markets, it is now cheaper to own a home than rent.”

Statistics Source: LATimes

It is cheaper to own a house than to rent – yes, we have seen that one before. Particularly, with ever-falling housing prices.

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