Apartment rents in Palm Beach County still rising

The new Loftin Place apartments in West Palm Beach. (Bill Ingram/Palm Beach Post)

The new Loftin Place apartments in West Palm Beach. (Bill Ingram/Palm Beach Post)

Palm Beach County’s average rent will rise to $1,510 this year, a 5 percent increase, commercial real estate brokerage Marcus & Millichap says.

Rents jumped 9 percent last year, the company says. The Boynton Beach-Delray Beach area posted rent growth of 8 percent, while West Palm Beach rents increased 6 percent.

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