Price Hikes, High Occupancy Squeeze Vegas Renters

Summary

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LAS VEGAS (AP) -- Las Vegans seeking new digs or out-of-towners relocating here have called upon apartment hunter Pat Stanley since 1989.

Stanley and her employees at Apartment Finding Service typically had little trouble placing people in a community in which constant building kept rent prices low and supply steady despite a booming population.

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Price Hikes, High Occupancy Squeeze Vegas Renters

Then, last spring, that trend came to a halt.

"It's a different world than it has been for the last 15 years," Stanley said. "We're having just a terrible time trying to accommodate people, and when we can, they're looking at serious rent increases."

A confluence of factors has gripped the Las Vegas apartment market and, in...

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