Rental Market News
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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
Trump vs Harris: Renters Debate Who Is Better for Housing Affordability
Roughly half of surveyed renters think Kamala Harris would be the best choice to make housing more affordable, while about one-third think Donald Trump would
Newly Built Apartments Are Starting to Fill Up Faster, But At a Slower Pace Than Last Year
54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier. Newly-built studio apartments rented
Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings Soar
The asking rent for a new apartment fell to $1,746 in the second quarter, down 6.2% from a year ago. One-bedroom apartments fell the most,
Typical Swing State Renter Earns 17% Less Than Needed to Afford Typical Apartment—But That’s an Improvement From the Last Presidential Election
During the last election cycle, the typical swing state renter household earned 21% less than they needed to afford the median priced apartment. Still, many
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
Rental Market Tracker: Asking Rents Flattened in September Amid Growing Apartment Supply
The median U.S. asking rent was little changed from a year earlier for the sixth straight month as an increase in the number of rentals
Rental Market Tracker: Landlords Are Charging Near-Record Rents—But Offering Concessions
The median asking rent in August was $2,052, just $2 below the record high set a year earlier. Instead of taking a haircut on rents,
Rental Market Tracker: Asking Rents Are Inching Closer to Their Record High
The West is the only region seeing a drop in asking rents, which are coming back down to earth after surging a record 19% last
Rental Market Tracker: The Typical U.S. Asking Rent Is Only $24 Below Its Record High
Rent growth has slowed rapidly, but rents remain costly as landlords offer perks like free parking instead of lowering prices to fill vacant units. The
Rental Market Tracker: Asking Rents Fall 2% in the West But Rise 5% in the Northeast, Midwest
Nationwide, rents declined 1% from a year earlier in May—the largest drop since 2020— as a building boom increased supply and economic uncertainty cooled demand.
Rental Market Tracker: Asking Rents Flattened in April as Landlords Faced Rising Vacancies
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
