If you've tried to rent an apartment over the past year, you've probably noticed that rental prices have increased in most places across the country.
Nationwide, the average price for a one-bedroom apartment for rent jumped 4.2 percent from December 2017 to December 2018. Studio and two-bedroom rental rates also increased during this same time period.
One-bedroom rental prices in 2018 increased the most in the Northeast, largely due to the expensive cities in the region. The South had the lowest average rental prices in 2018 for one-bedroom apartments. Two-bedroom units in the South were generally the best bargain for renters.
If you'd like to know more about how rental prices changed in the 100 most populated cities, as well as a list of cities where rent increased and decreased the most, read the full Apartment Guide 2019 Rent Report.