Dallas-area apartment rents up almost 7 percent

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.

Read more on the Dallas Morning News

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