Rental Market News
All Reports
Permits to Build U.S. Apartments Drop Below Pre-Pandemic Levels
Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in the U.S. over the past year—down 27.1% from the pandemic building
U.S. Asking Rents Fell Slightly in March, But Tariffs Could Drive Up Costs for Renters
The median asking rent dropped 0.6% year over year to $1,610, the 13th-straight month in which rents have been fairly stable. New tariffs could increase
Homebuyers Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap Is Widening
Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up
America’s Renter Population Grew 1% in the Fourth Quarter
New York and Los Angeles are the only metro areas where the majority of households rent. Renting is least common in Cape Coral, FL and
The Rise of the Rich Renter
Affluent renters have become more common in 35 of the 50 most populous U.S. metros since 2019, with Raleigh and Orlando seeing the biggest upticks.
New Apartments Are Filling Up at Nearly the Slowest Pace on Record, But That May Change as Builders Pull Back
Just 47% of newly-built apartments completed in Q3 were rented within three months as a record number of new apartments hit the market. But construction
Rental Market Tracker: Rents Are Growing Half as Fast as They Were Six Months Ago
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
Rental Market Tracker: Asking Rents Climb 11% in August, the Smallest Gain in a Year
Rent growth is likely to keep slowing as rising interest rates continue to cool the economy.
Rental Market Tracker: Growth in U.S. Asking Rents Slows for Second-Straight Month
The 12% increase in July was the smallest since September of last year.
Rental Market Tracker: Asking Rents Rise 14% in June, the Smallest Increase Since October
Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.
Rental Market Tracker: Typical U.S. Asking Rent Surpassed $2,000 for First Time in May
Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin.
Rental Market Tracker: Growth in Asking Rents Slows for the 1st Time in a Year
Rents rose 15% year over year in April, down from March’s 17% increase. Still, Austin, Portland and South Florida saw rents surge more than 30%.
