In the Atlanta area, rental rates are on the rise, according to the Atlanta Journal Constitution. Rents from neighborhoods throughout the metro area are hiking up around $100 a month, and the average rent in the Atlanta area for an apartment has risen about $15 from last year monthly. The Atlanta movers know the market is strong enough where landlords can necessarily charge whatever they want, but as the housing market gains in pricing, rents follow suit.
Rents in Marietta have risen 6.5 percent and Alpharetta rent has risen 3.94 percent. Reportedly, North Fulton County still has the highest rent, and more popular areas of the Atlanta metro are seeing steady increases in monthly rental prices.
Job growth is a reason for the rental spikes, as more people seek to relocate to Atlanta and thus require housing in the area. One additional appeal to the rental properties is the freedom from a mortgage, which is a big deterrent for many young people.