The average apartment rent increase in Chandler last year ranked the seventh highest in the nation among the country’s top 100 markets, a new study says.
Rent for a one-bedroom apartment increased 12.7 percent to an average $1,157 while the national average increase was 4.2 percent and the average rent nationally was $1,140, according to the study by apartmentguide.com.
Scottsdale was the only other Arizona city to make the top 10 list of the highest rent increases in the country last year. Rent there increased on average 12.7 percent – the ninth highest nationally – to $1,157, apartmentguide.com said.
Those increases in both cities occurred at a time when the overall cost of living in both Chandler and Scottsdale decreased 2.6 percent, apartmentguide.com said. In terms of cost of living, only utilities showed a marked rise in 2018 – up by 10.2 percent – while transportation costs increased a fraction of 1 percent.