article thumbnail

Disrupting The Security Deposit With Insurance

PYMNTS

On average apartment rent rates have gone up about 36 percent in the last decade according to retail data firm Yardi Matrix , and in particularly desirable marketplaces like Denver, Austin and Seattle rents have gone up by more than 70 percent. The average security deposit in the U.S. But in the U.S.,

Security 132
article thumbnail

Outside The Box (And Inside The Storage Container) Solutions To Sky-High Rent

PYMNTS

2,420 in Boston and $2,300 in Seattle for a no-frills one-bedroom, probably a walk-up. Tom George, a Wichita-based developer, heard the joke and may have thought to himself: “What if the box weren’t cardboard?”. The rent, to paraphrase a great American politician, is too damn high.