Rent and occupancy rates for apartments in
Market research from
Meanwhile, the national average for new move-in leases reached
Similar figures were broken down in Apartment Guide's 2021 Rent Report, which found that the national average for one-bedroom apartments increased to
According to that study, all states saw increases in one-bedroom apartments compared to
The latest figures are tied to housing trends caused by the COVID-19 pandemic. After the initial outbreak, apartment dwellers became less willing to live with roommates and sought out their own apartments as investors and new homebuyers drove up prices for home purchasing.
"While the pandemic saw a drastic decrease in rents, the trend quickly reversed as renters, both new and old, returned to cities," the Apartment Guide study says.
The
Rent prices also significantly increased in
The
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