Apartment Rents: Another Challenge to the Monocentric Model

Abstract

Extension of hedonic modeling strategy to the case of apartment rents in the Dallas region reveals the influence of a complex network of activity centers and highway axes. Nodes other than the CBD exert greater influence on rents than the CBD and amenity variables and externalities have both positive and negative effects. These findings demand reevaluation of the place normally assigned to higher‐density rental housing in urban models.