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July 22, 2006

Average U.S Rent Prices - Marcus & Millichap

Posted by Sina Shekou   Comments (0)

While some U.S. cities continue to thrive and become higher in demand, there are some surprising cities thatcontinue to fall short.

According to the Marcus & Millichap 2006 National Apartment Report, the asking rents of all major cities go up yearly, but only a few are forecasted to make a huge leap by the end of 2006.

Cities with highest forecasted monthly rents by year-end 2006

1. NYC-Manhattan: $3,148

2. Boston: $1,635

3. San Francisco: $1,609

4. Orange County, Calif.: $1,445

5. Northern New Jersey: $1,398

Cities with lowest forecasted monthly rents by year-end 2006

1. Tucson, Ariz.: $612

2. Columbus, Ohio: $636

3. Houston: $640

4. Indianapolis: $641

5. San Antonio, Texas: $659



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