Apartment Rents Fall in 40% of the Largest Cities
Rent growth has even been sluggish in cities where it was positive.
November 9, 2020 | Les Shaver | GlobeSt.com
Since March, rents are down in 41 of the 100 largest cities in the US, according to the Apartment List National Rent Report.
In the same timeframe last year, only five cities experienced a decline in rent prices and, and only two experienced a drop of more than one percent.
Rent growth has even been sluggish in cities where it was positive. Sixty-three of the 100 largest cities are currently posting slower year-over-year rent growth than at this time last year.
