Las Vegas rent up 7% over last year for month of July

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LAS VEGAS (KTNV) — New information shows that rent is way up for the month of July in Las Vegas.

According to Zumper.com , Las Vegas is the 52nd (out of 100) most expensive rental market in the nation.

Zumper says that the price of 1 bedroom apartments in Las Vegas are up more than 7-1/2% over last year.

The median price is now nearly $1,000. The median prices for a 2-bedroom apartment is nearly $1,200.

Top Five Rental Markets1. San Francisco, CA , as we get into the hot moving season, saw one bedroom rent inch up $20 last month to hit a new peak of $3,720. Two bedrooms also grew, up 1.7% to $4,800.

2. New York, NY one bedroom rent fell from its 3 year high in our previous report, dropping 1.3% to $2,940. Two bedrooms, on the other hand, grew 2.4% to $3,380.

3. San Jose, CA moved up a spot, outpacing Boston, to become the 3rd most expensive rental market in the nation. One bedroom rent grew 2.9% to $2,500, while two bedrooms decreased a slight 0.4% to $2,840.

4. Boston, MA dropped down to 4th with one bedroom rent falling 2% to $2,450 and two bedrooms decreasing 0.4% to $2,840.

5. Washington, DC moved up 2 spots, and into the top 5 markets, with one bedroom rent up 1.4% to $2,240. Two bedrooms saw a 3.7% decline to $2,850.

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