The median asking rent fell 0.3% year over year in December to $1,594, the lowest since March 2022.  Austin, TX posted the biggest decline, with asking rents down 16%, followed by Tampa and Jacksonville. Rents rose most in Providence, RI, Virginia Beach and Louisville. Property owners are lowering rents to attract tenants as an influx … Continue reading U.S. Asking Rents Ended 2024 at the Lowest Level in Nearly Three Years