{"id":82123,"date":"2025-09-09T05:00:59","date_gmt":"2025-09-09T12:00:59","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=82123"},"modified":"2025-09-08T10:44:37","modified_gmt":"2025-09-08T17:44:37","slug":"rental-tracker-august-2025","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/rental-tracker-august-2025\/","title":{"rendered":"U.S. Asking Rents Rise Most Since 2022 As Apartment Construction Slows"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Asking rents climbed 3% in August as slowing supply and robust demand gave landlords more bargaining power; the number of new apartments hitting the market has dropped 45% since the pandemic building boom.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Chicago saw the biggest jump in asking rents (+11%), while only three metros saw declines, led by Austin, TX (-3%).<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Asking rents rose fastest for 0-1 bedroom apartments (+4%), followed by 2 bedroom and 3+ bedroom apartments.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The median U.S. asking rent rose 2.6% ($45) year over year to $1,790 in August\u2014the largest increase since December 2022. It\u2019s now just $70 below the record high hit in the summer of 2022.<br \/>\n<\/span><br \/>\n<iframe id=\"datawrapper-chart-WjqH0\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Apartment Asking Rents Rise Most Since 2022\" src=\"https:\/\/datawrapper.dwcdn.net\/WjqH0\/3\/\" height=\"443\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><br \/>\n<span style=\"font-weight: 400;\"><br \/>\nAugust marked the third-consecutive month of year-over-year increases following roughly two years of declining or flat rents. On a month-over-month basis, the median asking rent rose 0.3% in August.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is based on an analysis of median asking rents for units in U.S. buildings with 25+ units listed on <\/span><a href=\"http:\/\/redfin.com\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin.com<\/span><\/a><span style=\"font-weight: 400;\">. Data cover rolling three-month periods; this report focuses on the three months ending Aug. 31, 2025, which we refer to as \u201cAugust.\u201d See our full methodology <\/span><a href=\"https:\/\/www.redfin.com\/news\/redfin-rental-data-methodology\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rents are rising because demand is strong\u2014in part due to high homebuying costs\u2014and supply is cooling.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cApartment construction boomed during the pandemic, but many of those projects have since wrapped up and fewer new ones are breaking ground,\u201d said Redfin Senior Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/sheharyarbokhari\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Sheharyar Bokhari<\/span><\/a><span style=\"font-weight: 400;\">. \u201cBuilders are pumping the brakes due to high financing costs, elevated construction expenses and weaker investor appetite. With fewer new apartments coming on the market, renters have fewer options to choose from and landlords are regaining the ability to raise prices.\u201d<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-Muqfg\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"U.S. Apartment Construction Drops Dramatically\" src=\"https:\/\/datawrapper.dwcdn.net\/Muqfg\/1\/\" height=\"456\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">The number of new apartments being completed fell to a seasonally adjusted annual rate of 385,000 in July\u2014the most recent month for which data are available. That\u2019s down 45.4% from an August 2024 peak of 705,000 in the wake of the pandemic building boom. Permits to build apartments are also falling, down more than 20% since the pandemic construction boom, according to a separate <\/span><a href=\"https:\/\/www.redfin.com\/news\/multifamily-building-permits-august-2025\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin report<\/span><\/a><span style=\"font-weight: 400;\"> last month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In many parts of the country, renters have been having success asking for concessions like free parking or reduced rent, but those perks may dry up as supply slows.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-kWhjP\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Apartment Asking Rents Are Just $70 Below Record High\" src=\"https:\/\/datawrapper.dwcdn.net\/kWhjP\/2\/\" height=\"426\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n<h3><b>Chicago Posts Biggest Increase in Asking Rents, Austin Posts Biggest Decrease<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nIn <\/span><a href=\"https:\/\/www.redfin.com\/city\/29470\/IL\/Chicago\/rentals\/filter\/property-type=multifamily\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Chicago<\/span><\/a><span style=\"font-weight: 400;\">, the median asking rent rose 10.7% year over year in August to $2,275\u2014the biggest increase among the 42 major core-based statistical areas (CBSAs) Redfin analyzed. <\/span><a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\/apartments-for-rent\"><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/a><span style=\"font-weight: 400;\"> saw the second-biggest increase (10.6%), followed by <\/span><a href=\"https:\/\/www.redfin.com\/city\/15502\/PA\/Philadelphia\/rentals\/filter\/property-type=multifamily\"><span style=\"font-weight: 400;\">Philadelphia<\/span><\/a><span style=\"font-weight: 400;\"> (9.9%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/15702\/PA\/Pittsburgh\/rentals\/filter\/property-type=multifamily\"><span style=\"font-weight: 400;\">Pittsburgh<\/span><\/a><span style=\"font-weight: 400;\"> (9.8%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/12839\/DC\/Washington-DC\/rentals\/filter\/property-type=multifamily\"><span style=\"font-weight: 400;\">Washington, D.C.<\/span><\/a><span style=\"font-weight: 400;\"> (8.7%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only three metros saw declines: <\/span><a href=\"https:\/\/www.redfin.com\/city\/30818\/TX\/Austin\/apartments-for-rent\"><span style=\"font-weight: 400;\">Austin, TX<\/span><\/a><span style=\"font-weight: 400;\"> (-3.1%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/12262\/KY\/Louisville\/rentals\/filter\/property-type=multifamily\"><span style=\"font-weight: 400;\">Louisville, KY<\/span><\/a><span style=\"font-weight: 400;\"> (-2.4%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\/rentals\/filter\/property-type=multifamily\"><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/a><span style=\"font-weight: 400;\"> (-1.9%).<\/span><\/p>\n<h3><b>0-1 Bedroom Apartments See Biggest Jump in Asking Rents, Up 4% Year Over Year<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nThe median asking rent for 0-1 bedroom apartments rose 4.4% year over year to $1,650 in August\u2014the biggest increase since September 2022. For 2 bedroom apartments, it increased 3.6% to $1,920\u2014also the largest jump since September 2022. And for 3+ bedroom apartments, it was flat (0.0% year over year) at $2,199\u2014the first time there hasn\u2019t been a decline in five months.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-quDAh\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"0-1 Bedroom Asking Rents Jumped 4% in August\" src=\"https:\/\/datawrapper.dwcdn.net\/quDAh\/1\/\" height=\"467\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n<h3><b>Metro-level summary: three months ending August 31, 2025<\/b><\/h3>\n<p><i><span style=\"font-weight: 400;\">The table below includes 42 of the 50 most populous U.S. CBSAs\u2014those with sufficient rental data.<\/span><\/i><\/p>\n\n<table id=\"tablepress-480\" class=\"tablepress tablepress-id-480\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>Core-based statistical area<\/strong><\/th><th class=\"column-2\"><strong>Median asking rent<\/strong><\/th><th class=\"column-3\"><strong>Month-over-month change in median asking rent<\/strong><\/th><th class=\"column-4\"><strong>Year-over-year change in median asking rent<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Atlanta-Sandy Springs-Alpharetta, GA\u00a0<\/td><td class=\"column-2\">$1,701 <\/td><td class=\"column-3\">0.4%<\/td><td class=\"column-4\">3.5%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Austin-Round Rock-Georgetown, TX\u00a0<\/td><td class=\"column-2\">$1,501 <\/td><td class=\"column-3\">-0.7%<\/td><td class=\"column-4\">-3.1%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Baltimore-Columbia-Towson, MD\u00a0<\/td><td class=\"column-2\">$1,879 <\/td><td class=\"column-3\">2.0%<\/td><td class=\"column-4\">7.4%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Boston-Cambridge-Newton, MA-NH\u00a0<\/td><td class=\"column-2\">$3,121 <\/td><td class=\"column-3\">-1.2%<\/td><td class=\"column-4\">8.0%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Charlotte-Concord-Gastonia, NC-SC\u00a0<\/td><td class=\"column-2\">$1,665 <\/td><td class=\"column-3\">0.6%<\/td><td class=\"column-4\">5.4%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Chicago-Naperville-Elgin, IL-IN-WI\u00a0<\/td><td class=\"column-2\">$2,275 <\/td><td class=\"column-3\">0.4%<\/td><td class=\"column-4\">10.7%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Cincinnati, OH-KY-IN\u00a0<\/td><td class=\"column-2\">$1,550 <\/td><td class=\"column-3\">2.3%<\/td><td class=\"column-4\">0.6%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cleveland-Elyria, OH\u00a0<\/td><td class=\"column-2\">$1,520 <\/td><td class=\"column-3\">1.3%<\/td><td class=\"column-4\">5.6%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Columbus, OH\u00a0<\/td><td class=\"column-2\">$1,450 <\/td><td class=\"column-3\">1.0%<\/td><td class=\"column-4\">1.7%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Dallas-Fort Worth-Arlington, TX\u00a0<\/td><td class=\"column-2\">$1,550 <\/td><td class=\"column-3\">-0.6%<\/td><td class=\"column-4\">2.0%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Denver-Aurora-Lakewood, CO\u00a0<\/td><td class=\"column-2\">$1,887 <\/td><td class=\"column-3\">-0.2%<\/td><td class=\"column-4\">1.2%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Detroit-Warren-Dearborn, MI\u00a0<\/td><td class=\"column-2\">$1,445 <\/td><td class=\"column-3\">1.4%<\/td><td class=\"column-4\">2.2%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Houston-The Woodlands-Sugar Land, TX\u00a0<\/td><td class=\"column-2\">$1,442 <\/td><td class=\"column-3\">-0.3%<\/td><td class=\"column-4\">0.8%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Indianapolis-Carmel-Anderson, IN\u00a0<\/td><td class=\"column-2\">$1,449 <\/td><td class=\"column-3\">0.0%<\/td><td class=\"column-4\">5.7%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Jacksonville, FL\u00a0<\/td><td class=\"column-2\">$1,529 <\/td><td class=\"column-3\">-0.1%<\/td><td class=\"column-4\">-1.9%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Las Vegas-Henderson-Paradise, NV\u00a0<\/td><td class=\"column-2\">$1,579 <\/td><td class=\"column-3\">-0.1%<\/td><td class=\"column-4\">3.5%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Los Angeles-Long Beach-Anaheim, CA\u00a0<\/td><td class=\"column-2\">$2,900 <\/td><td class=\"column-3\">0.5%<\/td><td class=\"column-4\">3.1%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Louisville\/Jefferson County, KY-IN\u00a0<\/td><td class=\"column-2\">$1,297 <\/td><td class=\"column-3\">-1.0%<\/td><td class=\"column-4\">-2.4%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Memphis, TN-MS-AR\u00a0<\/td><td class=\"column-2\">$1,309 <\/td><td class=\"column-3\">0.8%<\/td><td class=\"column-4\">4.3%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Miami-Fort Lauderdale-Pompano Beach, FL\u00a0<\/td><td class=\"column-2\">$2,645 <\/td><td class=\"column-3\">-0.4%<\/td><td class=\"column-4\">1.1%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Minneapolis-St. Paul-Bloomington, MN-WI\u00a0<\/td><td class=\"column-2\">$1,628 <\/td><td class=\"column-3\">0.2%<\/td><td class=\"column-4\">3.0%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Nashville-Davidson--Murfreesboro--Franklin, TN\u00a0<\/td><td class=\"column-2\">$1,735 <\/td><td class=\"column-3\">1.8%<\/td><td class=\"column-4\">3.6%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">New York-Newark-Jersey City, NY-NJ-PA\u00a0<\/td><td class=\"column-2\">$3,211 <\/td><td class=\"column-3\">0.7%<\/td><td class=\"column-4\">4.4%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Orlando-Kissimmee-Sanford, FL\u00a0<\/td><td class=\"column-2\">$1,835 <\/td><td class=\"column-3\">0.4%<\/td><td class=\"column-4\">0.8%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Philadelphia-Camden-Wilmington, PA-NJ-DE-MD\u00a0<\/td><td class=\"column-2\">$2,034 <\/td><td class=\"column-3\">1.1%<\/td><td class=\"column-4\">9.9%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Phoenix-Mesa-Chandler, AZ\u00a0<\/td><td class=\"column-2\">$1,593 <\/td><td class=\"column-3\">0.9%<\/td><td class=\"column-4\">0.5%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">Pittsburgh, PA\u00a0<\/td><td class=\"column-2\">$1,739 <\/td><td class=\"column-3\">2.6%<\/td><td class=\"column-4\">9.8%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">Portland-Vancouver-Hillsboro, OR-WA\u00a0<\/td><td class=\"column-2\">$1,761 <\/td><td class=\"column-3\">2.1%<\/td><td class=\"column-4\">3.2%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">Providence-Warwick, RI-MA\u00a0<\/td><td class=\"column-2\">$2,354 <\/td><td class=\"column-3\">-0.8%<\/td><td class=\"column-4\">6.0%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Raleigh-Cary, NC\u00a0<\/td><td class=\"column-2\">$1,540 <\/td><td class=\"column-3\">0.5%<\/td><td class=\"column-4\">1.7%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Richmond, VA\u00a0<\/td><td class=\"column-2\">$1,645 <\/td><td class=\"column-3\">1.2%<\/td><td class=\"column-4\">4.4%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Riverside-San Bernardino-Ontario, CA\u00a0<\/td><td class=\"column-2\">$2,440 <\/td><td class=\"column-3\">1.2%<\/td><td class=\"column-4\">3.4%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Sacramento-Roseville-Folsom, CA\u00a0<\/td><td class=\"column-2\">$2,125 <\/td><td class=\"column-3\">-0.2%<\/td><td class=\"column-4\">3.4%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Salt Lake City, UT\u00a0<\/td><td class=\"column-2\">$1,635 <\/td><td class=\"column-3\">0.4%<\/td><td class=\"column-4\">3.8%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">San Diego-Chula Vista-Carlsbad, CA\u00a0<\/td><td class=\"column-2\">$2,960 <\/td><td class=\"column-3\">0.2%<\/td><td class=\"column-4\">3.9%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">San Francisco-Oakland-Berkeley, CA\u00a0<\/td><td class=\"column-2\">$3,000 <\/td><td class=\"column-3\">0.8%<\/td><td class=\"column-4\">6.9%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">San Jose-Sunnyvale-Santa Clara, CA\u00a0<\/td><td class=\"column-2\">$3,605 <\/td><td class=\"column-3\">1.1%<\/td><td class=\"column-4\">10.6%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">Seattle-Tacoma-Bellevue, WA\u00a0<\/td><td class=\"column-2\">$2,144 <\/td><td class=\"column-3\">-0.5%<\/td><td class=\"column-4\">6.3%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">St. Louis, MO-IL\u00a0<\/td><td class=\"column-2\">$1,413 <\/td><td class=\"column-3\">0.9%<\/td><td class=\"column-4\">5.2%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">Tampa-St. Petersburg-Clearwater, FL\u00a0<\/td><td class=\"column-2\">$1,907 <\/td><td class=\"column-3\">0.6%<\/td><td class=\"column-4\">5.4%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">Virginia Beach-Norfolk-Newport News, VA-NC\u00a0<\/td><td class=\"column-2\">$1,656 <\/td><td class=\"column-3\">0.8%<\/td><td class=\"column-4\">3.9%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">Washington-Arlington-Alexandria, DC-VA-MD-WV\u00a0<\/td><td class=\"column-2\">$2,414 <\/td><td class=\"column-3\">-0.2%<\/td><td class=\"column-4\">8.7%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\"><strong>National\u2014U.S.A.<\/strong><\/td><td class=\"column-2\"><strong>$1,790 <\/strong><\/td><td class=\"column-3\"><strong>0.3%<\/strong><\/td><td class=\"column-4\"><strong>2.6%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-480 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>Asking rents climbed 3% in August as slowing supply and robust demand gave landlords more bargaining power; the number of new apartments hitting the market has dropped 45% since the pandemic building boom. Chicago saw the biggest jump in asking rents (+11%), while only three metros saw declines, led by Austin, TX (-3%). Asking rents 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