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The median asking rent in the U.S. fell 0.4% to $1,937 in March from a year earlier -- the first annual drop since the Covid-19 pandemic hit in March 2020 -- as the still-high cost...
The median asking rent fell 0.4% in March to the lowest level in 13 months. Austin and Chicago saw the largest declines, while Raleigh and Cleveland experienced the biggest gains. ... | April 14, 2023
The annual median rental price in the United States actually decreased for the first time since March 2020, according to a report from Redfin.
A new report from Redfin indicates that the cost of rent has decreased overall in the U.S. for the first time in 3 years.
The median asking rent in the U.S. fell to its lowest point in 13 months in March as the ongoing real estate slowdown continues.