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AAP
AAP
Business
Poppy Johnston

City apartment rentals cost almost as much as a house

Nicola Powell Domain CoreLogic
Apartment rents surged in major urban centres, fuelled by rising demand for inner-city living. (Joel Carrett/AAP PHOTOS) (AAP)

Rents on apartments in major urban centres are nearing the price of leasing an entire house, as migrants add to demand for inner-city living.

Across all capital cities, asking rents for units surged 5.5 per cent in the June quarter, compared to a 2.7 per cent rise in median weekly advertised rents for houses.

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