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
More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent
22% of U.S. renters say all their regular income goes toward rent payments, according to a recent Redfin-commissioned survey. 19% of renters report they have
Rents Flat Nationally in October, But Rising in East Coast and Midwest Metros
The median asking rent rose 0.2% year over year in October to $1,619, but was down 0.6% month over month. Rents dropped slightly across all
The Number of Renter Households is Growing Three Times Faster Than Homeowner Households
The number of renter households grew 2.7% in the third quarter, the second biggest year-over-year gain since 2015. The number of homeowner households grew 0.9%.
Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on Record
Renters are most likely to pay under $1,000 a month in Oklahoma City, New Orleans and Cleveland, and least likely in San Diego, San Jose
Roughly 4 in 5 U.S. Residents Believe There Should Be Caps on Rent Hikes: Survey
The vast majority of respondents to a recent Redfin survey believe there should be caps on the amount landlords are allowed to increase rent, regardless
Renters Are Nearly Twice as Likely as Homeowners to Say Housing Affordability Impacts Their Pick for President: Survey
32% of surveyed renters say housing affordability is a top-three issue when it comes to deciding which presidential candidate they’ll support. That compares with 17%
