ABODO Says Rents Begin to Accelerate Painfully Slow
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in August was $1,109 with two-bedroom units coming in at $1,358. ABODO says apartment prices continued to exhibit sleepy upward movement.
“There are some hopeful signs that the pandemic is easing in some parts of the country, and the much-anticipated vaccine seems to be moving to fruition. That said, even if the virus disappeared tomorrow, we still see a stable apartment rental market because we just do not foresee things returning to normal for a while.”