"Among large U.S. cities, Detroit has the nation's widest gap between luxury and non-luxury apartment rental rates, according to figures gathered by a company that helps renters find homes.
In the report from RENTCafé, Detroit was ranked No. 1 among cities with at least 500,000 residents, with an average luxury apartment rental rate nearly twice as expensive as the average non-luxury unit.
The study compiled rent data across 300 cities with at least 800 apartment units, and looked only at buildings with at least 50 units.
Luxury apartments in Detroit cost, on average, $1,512 a month, according to RentCafe.
The average non-luxury unit: $789, according to the study.
The jump from normal to luxurious means a 92-percent average rate hike. Chicago was ranked second, with an 83-percent disparity.
More on the study here.
A Harvard Joint Center for Housing Studies report released earlier this year showed that around 21.3 million renters (49.3 percent) in the U.S., were living in rental units that cost more than 30 percent of their income.
And more than a quarter of the renting population were spending more than half their income on housing.
More on that study here..."
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