Lifestyle

Twenty-Five American Cities with the Biggest Rent Hikes

By on May 05, 2011

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No. 3 Biggest Rent Hike: Savannah, Ga.

Annual increase: 8.4%
Average monthly rent: $866
Vacancy rate: 6.3% (6.7% in 2009)
Average concession: -3%

The jobless rate in Savannah remains below the national average but ticked up slightly to an average 8.8 percent in 2010 from 8.2 percent in 2009, according to BLS preliminary data. Major employers include Memorial University Medical Center, St. Joseph's/Candler Health System, and Momentum Resources, according to the Savannah Area Chamber of Commerce. Last year, employers including Gulfstream Aerospace announced plans to hire.

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