Inflation causing rents to raise nationwide

Apartment for rent sign
Photo credit Getty Images

As inflation rises, so does the price of rent. But it's not as bad in St. Louis as other parts of the country.

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In other major cities, a renter might pay $1,000 a month for a one-bedroom, or $1,700 for a two-bedroom. But in St. Louis, Real Estate investor Amy Gill of Checkmate Design says rents are relatively low.

I think the average rents are somewhere around $800 for a one-bedroom and $1,000 for a two-bedroom," Gill said. "So St. Louis' rent is really low. I mean, people in St. Louis need to understand we're probably one of the lowest places to rent in the country."

But Gill admits rents are up 20% here compared to four years ago. Rising costs for maintenance and insurance are among the factors pushing up rents.

Featured Image Photo Credit: Getty Images