Trulia reported this week that apartment rents nationwide are up nearly 6% in the last year.
Buried in the last paragraph of a Bloomberg story about the cooling housing market are details about inflation in the rental market. Three large California cities have seen ten percent hikes in housing costs in the last twelve months with San Francisco leading the way.
According to Trulia the median two-bedroom in San Francisco costs $3,550 per month. Rental costs city wide rose over 15% since last year.
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