Brief excerpt:
Another monthly update on rents.
Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. …
Welcome to the November 2024 Apartment List National Rent Report. National Rent Report. The national median rent dipped by 0.7% in October, as we get further into the slow season for the rental market. The median monthly rent nationally fell by $10, putting it at $1,394, and we’re likely to see that number continue to dip modestly through the remainder of the year. …
Realtor.com: 14th Consecutive Month with Year-over-year Decline in Rents
In September 2024, the U.S. median rent continued to decline year-over-year for the fourteenth month in a row, down $8 or -0.5% year-over-year for 0-2 bedroom properties across the top 50 metros, faster than the rate of -0.3% seen in August 2024.
