If you feel like you are spending more of your monthly paycheck on rent these days – you probably are.
Rent prices in Atlanta are above the national average and continue to grow, with a 5.3 percent increase compared to last year, according to Apartment List data. Rent prices in the city increased .5 percent from July to August alone.
Inside the perimeter, Midtown had the highest rent, with Beltline neighborhoods like Virginia-Highland, Poncey-Highland, Inman Park and Old Fourth Ward not far behind.
Inman Park saw a 14.3 percent increase from August 2015.
While not the highest in the city, a recent research paper by a Georgia Tech professor shows rents in four Westside neighborhoods have risen up to 14 percent in the last seven months. The area has seen extensive development and redevelopment initiatives since the announcement of the new Atlanta Falcons stadium in 2012.