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US Rents Fall for Third Straight Month in ‘Sharper’ Pullback

Apartment List data show that costs are starting to let up and may continue to ease in the coming months.

Bloomberg business news Expects Softer Home Price Growth

Apartment rents across the US dropped in November by the most in at least five years, a sign that a key cost tracked by the Federal Reserve could be easing up.

A national index of rents fell by 1%, the third straight month-over-month decline and the steepest drop in data going back to 2017, Apartment List said in a blog post Tuesday.