San Antonio rental prices rise 7% as interest rates push residents out of the housing market

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The average price of a one bedroom apartment in San Antonio rose to $1,160 in March. SanAntonio SATX SanAntonioTX HousingCrisis housing interestrates

The average price of a two bedroom apartment in San Antonio rose to $1,430 this month, a 4.4% increase from last March.

Zumper's report credits the rise in rental prices nationally to the Fed's tinkering with interest rates. Higher borrowing costs push people out of the housing market and into rental properties.

 

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