SPOKANE, Wash. — Spokane is among the top ten U.S. cities with the largest rent increases.
Apartmentguide.com lists Spokane as No. 3 among the selected cities. The website looked at the U.S. Census Bureau’s 100 most populated cities and its internal data of average entry-level rental prices to pinpoint the largest rent increases from July 2017 to 2018.
The website claims that “record low vacancy rates” may be responsible for a 13 percent increase in Spokane rental prices within the last year. According to the site, rent will now cost you $1,104 more per year in Spokane.
Boise, Idaho, also took the No. 4 spot on the list, thanks to its low vacancy rates and 11 percent increase in average rent prices, according to the site.
California topped the list of places where rent is more expensive, with three cities making the list.