Rent spike: See how much more tenants are paying for Palm Beach County apartments

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Palm Beach County rents spiked 7.7 percent from February 2015 to February 2016, according to new stats from Reinhold P. Wolff Economic Research.

Average monthly rent was $1,530 in February, up from $1,421 a year ago. The increases were especially steep for one-bedroom units — they jumped 9.8 percent over the past year.

As Palm Beach County’s job creation outpaces homebuilding, rising rents have emerged as a common theme.

Source: Reinhold P. Wolff Economic Research

Source: Reinhold P. Wolff Economic Research

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