The Fayetteville Observer
After being named one of the top 7 cities in the nation to have a rent increase, Fayetteville rents slightly decreased in January, data from Apartment List shows.
At the end of January, Fayetteville’s median rent was $820 for a one-bedroom and $978 for a two-bedroom, the Apartment List report states.
That’s about a .2% decrease from the previous month’s data, but a 10.1% increase compared to last year.
Apartment List uses median rent statistics for recent movers taken from the Census Bureau American Community Survey.
“Throughout the past year, rent increases have been occurring not just in the city of Fayetteville, but across the entire state,” said Chris Salviati, a housing economist for Apartment List.