By Apartmentguide.com | AZ Big Media
More than one year into the COVID-19 pandemic, we explore where rent prices stand today compared to one year ago. And Gilbert is among the Top 10 cities in U.S. that has seen the biggest rent increase over the last year.
National average rent price trends
On a national level, we’re noticing a shift in recent patterns. Studios and one-bedrooms are showing some recovery in price, possibly reflecting growing demand. Two-bedrooms have adjusted down slightly, but are still up more than five percent year-over-year. Three-bedrooms are up, both since last month and since this time last year.
• 0-BR: $1,603 (+1.0 percent from prior month / -1.3 percent year-over-year)
• 1-BR: $1,610 (+1.6 percent from prior month / +3.2 percent year-over-year)
• 2-BR: $1,881 (-1.1 percent from prior month / +5.3 percent year-over-year)
• 3-BR: $2,036 (+1.9 percent from prior month / +4.2 percent year-over-year)