Downtown Chattanooga apartment rents rose 20 to 30 percent - WRCBtv.com | Chattanooga News, Weather & Sports

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Downtown Chattanooga apartment rents rose 20 percent to 30 percent in past few years

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Construction continues on Walnut Commons, a new housing complex being built at the intersection of Walnut Street and Aquarium Way in downtown Chattanooga. Photo by Dan Henry. Construction continues on Walnut Commons, a new housing complex being built at the intersection of Walnut Street and Aquarium Way in downtown Chattanooga. Photo by Dan Henry.
CHATTANOOGA, TN (Times Free Press) -

James Jabaley lived at his one-room downtown Chattanooga efficiency for about a decade — until his rent suddenly spiked 23 percent to around $500 a month.

"He didn't care how long I lived there," Jabaley said last week about the apartment building's manager. "I felt abandoned."

Jabaley, who has since moved to the North Shore, is among downtown apartment dwellers seeing rents jump amid surging demand.

Some property owners have renovated newly purchased dwellings and started charging higher rents as a result. Others have consolidated what had been efficiency apartments into single units with one kitchen and three bedrooms with rents hitting upward of $1,300 a month.

Read more from our news partner the Times Free Press.

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