It’s getting harder to find an apartment priced under $1,000 a month in Ohio.
By the numbers: Over the past decade, units renting for under $1,000 a month (adjusted for inflation) fell by around 30% across the country, per a report by Harvard’s Joint Center for Housing Studies.
- Meanwhile, a building boom focused on upscale apartments helped nearly triple the number of units costing at least $2,000 a month.
Between the lines: Many of those cheaper apartments are older, and a slowdown in construction after the Great Recession has led to an overall shortage of housing.
Zoom in: Cleveland and its inner-ring suburbs remain relatively friendly to renters, with median rents below $1,200, per a countywide housing study released last month…