Rental Market News
All Reports
Rental Market Tracker: Asking Rents Climbed 17% to a Record High in March
Rising monthly mortgage payments—up 34% from a year ago, due largely to rising interest rates–are pricing more people out of the homebuying market, which could lead to even more increases in rents.
Rental Market Tracker: Asking Rents Increased 40% Year Over Year in Austin
Nationally, asking rents were up 15% in February, while homebuyer mortgage payments increased twice as fast.
Rental Market Tracker: Asking Rents Rose a Record 15% in January
Portland and Austin saw the largest increases, with rents surging more than 30% year over year.
Rental Market Tracker: Rents Rise 14% in December—Biggest Jump in Over Two Years
The biggest increase was in Austin, where rents surged 40% from a year earlier.
Rental Market Tracker: Rents Jumped 7% in a Month, Up 21% From 2020
Increase in rents outpaced the increase in the monthly cost of buying a home.
Rental Market Tracker: Rents Up 13%, Outpaced by 17% Growth in Monthly Mortgage Payments
However, a handful of cities across the country saw rents rise more than 30% from a year earlier, including Miami, Seattle, Portland, OR and Austin.
U.S. Apartment Asking Rents Post Biggest Increase in 2.5 Years
The median asking rent rose 1.7% ($30) year over year to $1,790 in July. Shrinking supply may be tilting the balance of power toward landlords.
Redfin Rental Data Methodology
Asking-rent data cover newly listed units in apartment buildings with 25 or more units. The median is calculated based on rolling three-month periods, i.e., the
U.S. Asking Rents Have Declined for 4 Months in a Row, But Are Still Only $63 Below Their Record High
Asking rents fell in over half the major U.S. metros Redfin analyzed in June. In Austin, rents dropped 6% year over year to the lowest
Asking Rents Are Falling in 28 Major U.S. Metros—the Most Since 2023
The median U.S. asking rent dropped 1% year over year to $1,633 in May as elevated apartment supply gave renters room to negotiate. Asking rents
New Apartments Are Sitting Vacant for Months, Giving Renters Power to Negotiate Concessions
49% of newly built apartments completed in the fourth quarter of 2024 were rented within three months—the fifth consecutive quarter with an absorption rate below
U.S. Asking Rents Fell 1% Year Over Year in April—Biggest Drop in 14 Months
The median asking rent was $1,625, down $80 from the record high, as elevated apartment supply pushed rents lower. Asking rents fell fastest in Austin,
