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September 26: Rent Hikes

Wednesday - 9/28/2011, 9:49am  ET

A recent report revealed that the D.C. metropolitan area has had one of the highest rent hikes in the nation. Bloomberg Business week assessed data from Axiometrics, a company that measures performance in the rental apartment sector, and came up with a list of the top 25 American cities where rents have increased substantially in 2010. The Washington, DC, Arlington and Alexandria region showed an average monthly rent of $1,473, up 7 percent from a year ago.