Study shows how Baton Rouge rent prices compare to other US cities
BATON ROUGE, La. (BRPROUD) — Recent rental data from a housing report says the national rates for one and two bedrooms increased monthly for the first time in the last six months.
According to Zumper’s rental experts, the latest Consumer Price Index data shows that inflation could last longer than previously expected. The CPI measures the average changeover in the prices paid by consumers for goods and services, including rent.
“The national one-bedroom rent increased 0.3% to $1,487, while two-bedrooms grew 0.5% to $1,847. After the last few years of atypical rental trends, the market has returned to a more standard pattern where demand cools in the winter months and picks up again in the spring and peaks in the summer and fall,” Zumper’s National Rent Report said.
Zumper’s National Rent Report calculates median asking rents for the top 100 most populated cities to provide a view of the housing market’s current state.
The U.S. city ranked No. 1 for the highest average rent prices in the nation is New York, New York. Data shows a one-bedroom costs $4,200 and a two-bedroom costs $4,670.
Baton Rouge was ranked No. 83 out of 100 states for priciest markets. According to the report, the average price for a one-bedroom apartment is $990 and a two-bedroom apartment is $1,140.
New Orleans was ranked higher at No. 29 with a one-bedroom apartment renting for $1,560 and $1,800 for a two-bedroom.
Shreveport ranked lower at No. 98. According to the report, a one-bedroom apartment is $770 and $850 for a two-bedroom.
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