The numbers are in for May and North Texas apartment rents continue to spike.
The latest information from real estate analytics firm Real Page shows Dallas-Fort Worth rents were up more than 17% in May, compared to the year before.
The average is now a record of $1,488 a month, region-wide.
In Dallas it's even higher at $1,526 per month while in Fort Worth it's about $1,373.
Also, nearly 60% of renters are planning to renew their leases compared to about 50% before the Coronavirus outbreak.
Related
LISTEN on the Audacy App
Sign Up and Follow NewsRadio 1080 KRLD