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The Dripby Elizabeth Suman3:16 pmJan 4, 20110

Baltimore-area landlords raising the rent

Rents increased more than 6 percent in the Baltimore metro area in 2010, according to a recent research report cited in the Sun, which attributes the increase to the down economy and the prime renting age of baby boomers’ children, among other factors.

The national average for apartment rental rose as well – 2.5% – but not enough to compete with the new New York and San Francisco-rivaling rents of Baltimore, where, the report claims, the average monthly rent is now $1,120

(The article didn’t specify the specific type of apartment that this price refers to, such as studios versus one-bedrooms).

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