The West is the only region seeing a drop in asking rents, which are coming back down to earth after surging a record 19% last year. The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. While rents are just shy of their all-time high, rent … Continue reading Rental Market Tracker: Asking Rents Are Inching Closer to Their Record High