San Diego County's apartment vacancy and rental rates increased modestly over the past six months as foreclosures and failed condo conversions increased the supply of rental units.

 

In a survey of landlords and apartment managers scheduled for release today, the San Diego County Apartment Association, taking account of the prevalence of some housing types, found that the average rent was $1,201. That represents an increase of nearly 3 percent over the association's fall 2007 survey.

The study found a 4.8 percent vacancy rate countywide, an increase from the 3.4 percent reported in the fall poll. A 5 percent vacancy rate is considered to reflect a balanced and healthy rental market.

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