Apartment market performance, 1st quarter 2006
City Avg rent % increase
(12 mos. ending Mar 31)
US overall 956 3.9%
New York* 2,400 NA
San Francisco 1,669 10.3%
San Jose 1,429 8.6%
Los Angeles 1,422 6.8%
Orange County 1,393 8.1%
Boston 1,350 1.2%
San Diego 1,232 3.6%
Oakland 1,202 6.6%
Washington, DC 1,188 3.7%
Fort Lauderdale 1,151 12.0%
West Palm Beach 1,107 10.5%
Northern New Jersey 1,074 2.5%
Riverside 1,033 4.6%
Miami 1,014 10.0%
Chicago 1,007 3.3%
Baltimore 980 6.3%
Philadelphia 975 2.9%
Minneapolis 923 0.4%
Sacramento 882 3.0%
Seattle 854 7.8%
Orlando 843 8.4%
Las Vegas 842 3.8%
Norfolk 837 4.8%
Jacksonville 810 5.6%
Tampa 798 8.8%
Atlanta 777 1.0%
Pittsburgh 771 4.9%
Denver 770 0.0%
Richmond 769 2.6%
Raleigh 756 -2.0%
Cincinnati 753 -1.1%
Nashville 752 7.4%
Phoenix 748 8.9%
Portland 734 5.1%
St Louis 729 1.5%
Austin 724 0.0%
Cleveland 718 2.4%
Dallas 718 0.8%
El Paso 714 -1.0%
Birmingham 714 2.2%
Memphis 712 8.2%
Detroit 707 -1.9%
Houston 693 5.2%
Kansas City 685 1.6%
Charlotte 683 1.9%
Dayton 677 1.6%
Salt Lake City 674 1.7%
Louisville 672 3.8%
Greensboro 658 -3.7%
Indianapolis 651 0.8%
San Antonio 644 1.9%
Albuquerque 641 3.2%
Fort Worth 636 1.8%
Greenville 615 -3.6%
Tulsa 600 1.9%
Columbus 589 -1.0%
Tucson 584 4.4%
Oklahoma City 504 4.3%
West 1,138 6.0%
Northeast 1,119 2.2%
South 824 3.9%
Midwest 820 1.1%
Source: M/PF YieldStar
*NYC data from Reis Client Services, through December 31