Sunday, November 8, 2009
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Apartment market attracting renters from top to bottom

Published 11/09/08

The apartment market in Anne Arundel County continues to attract renters from across the financial spectrum in a weak economy, with some still paying top dollar for luxury digs and others signing leases for affordable abodes.

Paul W. Gillespie — The Capital Teresa Daigle, a full-time nursing student at Anne Arundel Community College, said paying $1,400 a month for her two-bedroom apartment at Regatta Bay is worth it.
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Higher-end apartment complexes like Regatta Bay on Housley Road, where monthly rents range from $1,100 for a one-bedroom unit to $1,700 for the largest two-bedroom unit, is 98 percent full, according to company officials.

Meanwhile, the Admiral Farragut apartment complex on Hilltop Lane, where it costs $850 a month for a studio apartment to $1,299 for a three-bedroom apartment, also is seeing demand as...

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