Dallas-area apartment rents are continuing their round of scorching increases.
In October Dallas-area rents were up almost 7 percent from a year earlier, according to a new report from Axiometrics Inc.
Dallas-area renters on average paid $1,074 a month for an apartment, the research firm said. In the Fort Worth area, average rents were was $965.
“The Dallas-Fort Worth area continues to be among the most robust in the nation,” said Axiometrics vice president Stephanie McCleskey in the just-released report. “Fort Worth has outperformed Dallas for most of this year, largely because of the lack of new supply coming into Tarrant County.
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