Rental Market News
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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
U.S. Asking Rents Ended 2024 at the Lowest Level in Nearly Three Years
The median asking rent fell 0.3% year over year in December to $1,594, the lowest since March 2022. Austin, TX posted the biggest decline, with
America’s Renters Are Moving Less Than Ever, With a Third Staying in the Same Home for at Least 5 Years
33.6% of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. Baby boomers stay put
New Apartments Fill Up Slower, Returning to Pre-Pandemic Speeds Amid Construction Boom
52% of U.S. apartments were rented within three months, down from 54% a quarter earlier. Newly-built 3+ bedroom apartments rented out faster in the third
Asking Rents for Newly Built Apartments Rise 1.5%, the Biggest Spike in 18 Months
The median asking rent for a new apartment rose 1.5% year over year to $1,802 in the third quarter. Asking rents fell in the Northeast,
Asking Rents Fall 0.7% to Lowest Level Since March 2022
The median asking rent fell 0.7% year over year in November to $1,595, dropping 1.1% month over month. The asking price per square foot for
Renters on a $2,000 Budget Can Afford 70 More Square Feet Than They Could During the Pandemic. That’s Enough for a Small Office.
A renter on a $2,000-a-month budget can afford an 1,103-square-foot apartment, up from 1,029 square feet when rents peaked in 2022. Renters are getting more
