Austin apartment rent rising faster than national average

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Apartment rent in Austin during 2018 grew an average of $57 a month, or 4.4 percent, to yield an average monthly rent of $1,361, according to RentCafe. Nationwide, apartment rent grew about $42, or 3.1 percent, to $1,419, the report found. Los Angeles saw rents increase by 6.6 percent while Chicago saw rents bump up 4.9 percent. The average monthly rent in Los Angeles comes out to $2,461 while Chicago's average landed at $1,889. Small cities saw the most fluctuation, with double-digit growth in...

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