A rise in new rentals hitting the market coincided with a slowdown in tenant demand, causing rent growth to cool for the 11th-straight month. The Sun Belt saw the biggest declines, allowing some renters to sign leases at more affordable rates than a year ago. The median U.S. asking rent rose 0.3% year over year […]
The median asking rent fell 0.4% in March to the lowest level in 13 months. Austin and Chicago saw the largest declines, while Raleigh and Cleveland experienced the biggest gains. The median U.S. asking rent fell 0.4% year over year to $1,937 in March. That’s the first annual decline since March 2020—when the coronavirus was
Rental Market Tracker: U.S. Rents Post First Annual Decline in Three Years Read More »
The median U.S. asking rent is up just 1.7% from a year ago—the smallest gain since May 2021—as landlords grapple with vacancies due to still-high rental costs and rising supply. The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in
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Rental price growth is slowing due to increasing supply and waning demand. There are 11 metros where rents are already falling, with Phoenix and Oklahoma City seeing declines of more than 6%. The median U.S. asking rent rose 2.4% year over year to $1,942 in January—the smallest increase since May 2021 and the lowest level
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Rents rose 5% from a year earlier, the smallest increase in nearly a year and a half. That’s roughly one-third the pace of growth seen last December. The median U.S. asking rent rose 4.8% year over year to $1,979 in December—the smallest increase since July 2021—as persistently high rental costs, inflation and economic uncertainty continued
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Rents are growing at half the pace they were in the summer and are expected to keep cooling, which should help bring down overall inflation. The median U.S. asking rent climbed 7.4% year over year to $2,007 in November, the smallest increase in 15 months and the sixth-consecutive month in which annual rent growth slowed.