Atlanta Rental Rate Increases Among Highest in US

Rental rates in multi-family apartment communities in the Atlanta are rose 4.8% percent in 2018, one of the highest rental increase in the US. Rental rates in only threeBottom of Form other cities--Orlando, Phoenix, and Las Vegas-- exceeded the increases in the Atlanta area. Rental rates in Midtown averaged $1,820 per month, and rental rates in Buckhead averaged $1,670. Market analysts attribute the increases to rising construction costs and fewer new apartment complexes opening.

Tired of rental increases?  Ready to get out of the rental market and buy a home in metro Atlanta or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.