Renters in Monroe County saw apartment listing prices stay in line with April’s average of $1,268, an analysis of new data from Apartment List shows.
The average apartment listed for rent at $1,268 in May. Average listing prices in Monroe County are trending the same as April’s $1,268 price, down 0.8% from this time last year.
The data is inclusive of all bedroom sizes, from studios to three-bedroom units, so while it is a good indicator of how rents are moving in the area, it does not include single family homes for rent, said Chris Salviati, senior housing economist for Apartment List.
One-bedroom apartments listed to rent at an average of $1,105, no change since April, when they were $1,105. Since last year, one-bedroom rental prices dropped 0.8% from $1,114.
Two-bedroom apartments listed for rent had no change since April at an average of $1,261, compared to $1,261. Since last year, two-bedroom rental prices dropped 0.8% from $1,271.
Statewide, Indiana rental listing prices are slightly higher than April’s average of $1,110. In Indiana, one-bedroom rentals were listed for an average of $926, slightly higher than April’s average of $921. Two-bedroom rental listing prices are trending slightly higher than April’s average of $1,120 at $1125.
In Monroe County, the average apartment listed for rent is 14% above the state average. One-bedroom rentals were 19% above the state average, while two-bedrooms listed 12% above.
Nationwide, apartment rental listing prices slightly increased from last month’s $1,392 to $1,398. One-bedroom rentals across the nation listed for an average of $1,228, just higher than last month’s average of $1,223, while two-bedroom rental listing prices slightly rose from last month’s average of $1,378 to $1,384.
In Monroe County, the average apartment listed for rent is 9% below the national average. One-bedroom apartment rentals listed 10% below the national average, with two-bedroom rentals listed 9% below.
The average apartment rental prices used in this report are gathered from Apartment List, which estimates the median rent using median rent statistics from the Census Bureau’s American Community Survey and a growth rate calculated from their listing data. Read more about their rent estimate methodology here.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Apartment List. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on The Herald-Times: Monroe County apartments for rent stayed steady in May
Reporting by USA TODAY Network / The Herald-Times
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