Atlanta $1,650
Alpharetta $1,460
Duluth $1,140
Roswell $1,100
Lawrenceville $1,020
Marietta $980
Decatur $950
Norcross $920
Douglasville $860
Stone Mountain $750
Atlanta 4.6 percent
Alpharetta 6.4 percent
Duluth 9.7 percent
Roswell 6.0 percent
Lawrenceville 4.3 percent
Marietta 6.8 percent
Decatur 3.3 percent
Norcross 8.9 percent
Douglasville -1.9 percent
Stone Mountain 4.0 percent
Source: Apartment List
Rents are rising and the cities where they are most-rapidly rising are in Gwinnett.
According to a report out this morning, the media rent in Duluth was up 9.7 percent during the past year and the median rent in Norcross was up 8.9 percent.
The third-fastest increase came on apartments in Marietta, according to Apartment List.
There was a time when Atlanta was not much of a renters’ town. Most of the renters were actually in town, not scattered around the suburbs and exurbs of metro region.
Outside the city limits, mostly there were single family homes. And they were for sale. And anyone who could buy a home, seemed inclined to get themselves into the monthly mortgage routine.
That was especially true in the years of the late housing bubble—seemed like the emphasis shifted from could buy to just kinda willing. Then of course, the bubble burst and there was suddenly a flood of people who lost homes – while there was a parallel wave of available homes and apartments and former condos for rent.
And given the supply-demand balance – and the general depression of the economy – rents weren’t rising all that fast.
Times change.
And now, rents are rising and the rentals are all over. Well, almost.
Though there are rentals all around, the city of Atlanta leads the region, a sign of how young professionals have flocked to in-town neighborhoods, along with a smattering of their downsizing elders: Atlanta's rents have increased 4.6 percent during the past year, according to the report from Atlanta List.
During the past month, they are up 0.5 percent – which would, if it continues, mean that increases are speeding up.
Atlanta List is a San Francisco-based, venture capital-backed, online rental marketplace.
Despite all the talk about a return to the city, the fastest pace of rent increases were in the suburbs – Duluth and Norcross.
Of the cities tracked by Apartment List, only Douglasville rents saw a decline in median rent over the past year, dipping 1.9 percent.
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