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Demand for apartments hits 5-year high

Amy Scott Jul 3, 2019
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A sign advertises an apartment for rent along a row of brownstone townhouses in New York City.
Angerer/Getty Images

Spring and summer are a big time for moving, as the school year ends and the weather warms up, and this year apartments are in higher demand. A report from data analytics firm RealPage says move-ins in the past few months reached a five-year high. When demand grows, so do prices, and the report found that rents are up 3% on average compared to a year ago. That’s despite an overall decline in renters over the past few years.

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