Rental Market Tracker: U.S. Rents Post First Annual Decline in Three Years
April 14, 2023 | Lily Katz | Redfin
The median U.S. asking rent fell 0.4% year over year to $1,937 in March. That’s the first annual decline since March 2020—when the coronavirus was declared a pandemic—and the lowest median asking rent in 13 months. By comparison, rents were up 17.5% one year earlier, in March 2022.