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Houston renters save money as apartment prices dropHouston renters save money as apartment prices drophttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=128162016-04-21T05:00:00Z

​HOUSTON - Houston’s apartment rents fell by double digits amid the oil slump.

Zumper Inc., a San Francisco-based apartment rental website, issued its April rent report, which looked at rental trends among its 1 million active listings.

Zumper’s report found that the average apartment rent in Houston fell 12 percent year over year. In fact, Houston had one of the largest rent declines nationally.

In April, the average rent for a one-bedroom apartment in Houston fell 12 percent year over year to $960 per month.

The Bayou City had the second-highest rent decline nationally among one-bedroom apartments, following Milwaukee’s 15 percent decline.

Currently, Houston ranks No. 16 among Zumper’s list of the top 25 most expensive apartment markets nationally, falling from No. 15 in October 2014.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Multifamily
http://www.bizjournals.com/houston/morning_call/2016/04/report-houston-apartment-rent-decline-among.htmlSource: {Source}

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