Rochester has more affordable rents than other cities across the country, a study by Apartment List Inc. found.
Rent growth here has remained stable in 2017 where other cities have had increases and a small amount of cities have seen rents decline.
Rochester’s median two-bedroom rent of $920 is below the national average of $1,160, the report found. Nationwide, rents have grown by 2.9 percent over the past year.
While rents in Rochester remained moderately stable this year, other cities saw increases, including Seattle—up by 5.6 percent; Phoenix, up by 5 percent; and Dallas, up by 2.9 percent. Median two-bedroom rents in these cities go for $1,710, $1,020 and $1,110.
San Francisco has a median rent of $3,060—more than three times the price in Rochester.
The full Rent Report on Rochester can be found here.
Follow Kerry Feltner on Twitter: @KerryFeltner
(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email firstname.lastname@example.org.