RentRange said Monday the Atlanta-Sandy Springs-Marietta, Ga.-metropolitan area experienced a 12.3 percent spike in rental rates during this period. The report examined the top 25 U.S. Metropolitan Statistical Areas by average rental rate for single family, three-bedroom homes between the second quarter of 2016, and the same quarter in 2015.
The Atlanta-Sandy Springs-Marietta, Ga. area was ranked 13th. The Cape Coral-Fort Myers, Fla. area had the highest change in rent rates with 26.1 percent increase. The New Orleans-Metairie-Kenner, La. Area followed with a 20.6 percent rental rate hike.