Rental Market News
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Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020
47% of U.S. apartments that were completed in the fourth quarter were rented within three months, down from 60% a year earlier. There are more
Renters Must Earn $66,120 to Afford the Typical U.S. Apartment. The Typical Renter Makes $11,000 Less Than That.
Just 39% of renters make enough to afford the median-priced apartment. The income renters need to afford the typical apartment is the highest since 2022
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.
Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More
U.S. renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership. The rise
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%
Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last Year
Rising home prices and mortgage rates are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly
Rental Market Tracker: U.S. Rents Post First Annual Decline in Three Years
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
Rental Market Tracker: Rents Drop to Lowest Level in a Year
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 Market Tracker: Rents Rose 2% in January—the Smallest Increase in 20 Months
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
Rental Market Tracker: Rent Growth Slowed for Seventh Straight Month in December
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
Rental Market Tracker: Asking Rents Post Smallest Annual Increase in 15 Months in November
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.
Rental Market Tracker: Rents Rose 7.8% in October—Slowest Growth in 14 Months
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%
