Rental Market News
Monthly Rental Tracker
Asking Rents Tick Up 0.6%, With East Coast and Midwest Metros Posting Biggest Increases
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
Asking Rents Rose the Most in Over a Year in August, But Remain Below Record Highs Hit Two Years Earlier
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
Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years
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,
Rent Prices Are Dropping Across Florida’s Most Populous Metros
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
U.S. Asking Rents Ticked Up for Second Straight Month in May, Hitting Highest Level Since 2022
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 Sun Belt Is Seeing Some of the Biggest Rent Declines in America
Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7%
Rental Market Tracker: Asking Rents Rose for the Third-Straight Month in March, Driven By the Midwest
The median U.S. asking rent rose 1% from a year earlier. By comparison, rents jumped 5% in the Midwest—in part because the region hasn’t seen
Rental Market Tracker: Asking Rents Climb 2% in February, Biggest Gain in Over a Year
Rents hit a low point last February—one reason they’re now showing a sizable year-over-year uptick. Another factor driving rents up: the jump in mortgage rates
Rental Market Tracker: U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride
Rents haven’t fluctuated much over the past year, rising 1% in January—a far cry from double-digit growth during the pandemic. Landlords don’t have much room
A Reprieve for Renters: Costs Drop for Third Straight Month in December
Rising supply has led to rising vacancies, motivating landlords to lower asking rents, which fell 1% from a year earlier. Rents dropped in the South
The Tide Turns for Renters as Asking Rents Post Biggest Decline in Over 3 Years
The median U.S. asking rent fell 2% year over year in November—the biggest decline since 2020—as landlords grappled with rising vacancies due to a building
Rental Market Tracker: U.S. Asking Rents Remained Sluggish in October Amid Rising Vacancy Rate
Asking rents were little changed from a year earlier for the seventh-straight month as an increase in new units hitting the market drove up vacancies,
