Vegas Rental Rates Rising
Las Vegas apartment rental rates are rising faster than the national average. According to the Las Vegas Review Journal "Southern Nevada apartment tenants are paying an average of $989 per month this quarter, up 5.4 percent from a year earlier, according to figures released Wednesday by New York research firm Reis Inc."
Nationally the apartment rates rose 3.8% annually and the average monthly rental payment was $1,318 per month.
Las Vegas single family home rental rates tend to lag the apartment rental rates but the rates have been increasing significantly too though not at the rate of increase of apartments.
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