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. Asking Rents Rose 0.4% in February—A Small Increase, But the First in 6 Months
Landlords may have more leeway to raise rents next year because apartment construction is slowing, which could eventually lead to more renters than vacant units.
D.C. Rents Up 2.7% in February Following 3 Months of Declines; Too Soon to Tell if Whether Federal Job Cuts Will Affect the Market
The median rent in the District of Columbia rose 2.7% year over year in February, following three months of declines. Rents have been falling most
A Minimum-Wage Worker Would Have to Work 106 Hours a Week to Afford the Typical U.S. Apartment
That’s down from a peak of 125 hours when rents hit a record high in 2022. New Hampshire’s minimum-wage workers have to toil longest to
Austin Asking Rents Drop 16% in January—More Than Any Other Major Metro—And Are Now $400 Below Their Record High
Nationwide, the median asking rent was little changed from a year earlier, down 0.1% to $1,599. But rents may inch up if demand outstrips supply
Downtown Seattle Rents Rise for the First Time in 17 Months as Amazon Workers Go Back to the Office Full Time
The median asking rent for an apartment in downtown Seattle grew 2.5% year over year in December to $2,000—the first rise in 17 months. Seattle
Renters Need to Earn $63,680 to Afford the Typical U.S. Apartment—the Lowest Amount in 3 Years
Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment—the lowest income required since early 2022. Texas metros Austin, Houston
