The costs of renting an apartment in Broward and Palm Beach counties are inching upward.
The average monthly rent in Broward is $1,097, an increase of 3.3 percent from a year ago, according to second-quarter data from research firm Reis Inc. Palm Beach County’s average rent is $1,077, up 2.7 percent.
Rental markets have been strong in recent years as foreclosures and price declines make many people wary of owning a home. Others are struggling to qualify for mortgages.
By Paul Owers