While New York, California, and Boston continue to be the most expensive rental markets in the country, some unexpected locales have actually experienced the largest increases in one-bedroom apartment prices year-over-year.
Greensboro, North Carolina, sits atop the list with rent increases of 74.2 percent, followed by Newport News, Virginia, at 60.7 percent, and Tulsa, Oklahoma, at 59.8 percent, according to Rent.com’s August report. Jon Leckie, a researcher with Rent.com, told The Epoch Times that such increases aren’t unusual, given the amount of people who have been flocking to these areas.
