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Homes my clients rented

Homes my clients rented

Tuesday, July 10, 2012

South Florida rental rates increase


The costs of renting an apartment in Broward and Palm Beach counties are inching upward.
The average monthly rent in Broward is $1,097, an increase of 3.3 percent from a year ago, according to second-quarter data from research firm Reis Inc. Palm Beach County’s average rent is $1,077, up 2.7 percent.
Rental markets have been strong in recent years as foreclosures and price declines make many people wary of owning a home. Others are struggling to qualify for mortgages.