Rental Report

Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8% year over year to $1,983, the smallest annual increase since August 2021. October marked the second-straight month of single-digit rent growth following roughly a year of double-digit gains. It was […]

Rents rose 9% year over year in September—the first single-digit increase in a year and a marked slowdown from 18% growth in March. Inflation and economic uncertainty are prompting Americans to hold off on significant financial decisions like moving. The median U.S. asking rent rose 9% year over year in September to $2,002, the slowest

Rent growth is likely to keep slowing as rising interest rates continue to cool the economy.

The 12% increase in July was the smallest since September of last year.

Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.