Las Vegas’ apartment market has accelerated in recent years. Developers are packing the suburbs with projects, landlords are on a buying spree, and tenants have filled buildings. Rents are also climbing at the fastest rate in the country, stretching affordability for some. Tenants are paying an average of $1,073 per month for a Las Vegas-area apartment this quarter, up 7.7 percent from a year ago, according to research firm Reis Inc.
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