The median asking rent rose 0.2% year over year in October to $1,619, but was down 0.6% month over month. Rents dropped slightly across all bedroom counts for the third time in four months. The asking price per square foot for rental apartments fell 1.1% year over year, the 18th consecutive month with a decline. […]
Rents Flat Nationally in October, But Rising in East Coast and Midwest Metros Read More »
The median asking rent rose 0.6% year over year in September to $1,634, but was down 0.2% month over month. Washington, D.C. recorded the biggest rent increase, while Jacksonville posted the biggest decrease. Rents dropped slightly across all bedroom counts for the second time in three months. The typical U.S. asking rent ticked up 0.6%
Asking Rents Tick Up 0.6%, With East Coast and Midwest Metros Posting Biggest Increases Read More »
The median asking rent climbed for the fifth consecutive month, up 0.9% year over year to $1,645. Rents dropped 17.9% in Austin—more than any other metro Redfin analyzed. East Coast and Midwest metros saw the steepest increases. Asking rents for 0-1 and 2 bedroom apartments remained flat, while 3+ bedroom apartments fell 1.7%. The median
The nationwide median asking rent was $1,647 in July, down $53 from the all-time high in 2022. Rents for 3+ bedroom apartments fell the fastest, dropping 2.4% year over year. Rents fell in Sun Belt metros, especially in Florida and Texas, where new construction levels have been strong since the pandemic. The median asking rent
Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years Read More »
Asking rents fell a record 12% year over year in Jacksonville last month, and also declined in Tampa, Orlando and Miami. Austin, TX posted a record drop, too. Florida and Texas built a lot of apartments to meet surging demand during the pandemic, and now property owners are lowering prices as they compete for tenants.
Rent Prices Are Dropping Across Florida’s Most Populous Metros Read More »
The median asking rent climbed 0.8% year over year to $1,653—just $47 below the record high. Washington, D.C., Cincinnati and Chicago all saw double-digit increases. The median U.S. asking rent rose 0.8% year over year in May to $1,653—the highest level since October 2022. That’s the second consecutive increase (rents climbed 0.9% year over year