US Apartment Rents Rise at Slowest Annual Pace Since Mid-2021
This article is for subscribers only.
US apartment rents rose 4.7% in December from a year earlier, the slowest pace since July 2021, according to data from real estate firm Rent.com released Thursday
Rental prices fell 1.4% from the previous month, with the national median price for an apartment dropping to $1,978. Rents may be declining on a year-over-year basis by late summer, said Jon Leckie, a researcher at Rent.com.