One-bedroom rent rose by less than 1% for the fifth-straight month after rising for 12 consecutive months starting in October 2021.
Rent growth in the US is far from its pandemic peak, according to the January rent report from @Zumper.
pic.twitter.com/3QhWPCyaUp — James Faris (@JamesFaris_) January 25, 2024Apartment prices have been driven down by surging supply, Zumper noted.
Many renters are now enjoying perks that would've been unheard of during the pandemic, including waived security deposits and a free month of rent, Zumper found.
Below are 27 metropolitan areas where the going rental rate for a one-bedroom apartment is at least 5% lower than it was last January, according to Zumper.
Persons:
3QhWPCyaUp — James Faris, @JamesFaris_, Zumper, Anthemos Georgiades
Organizations:
Business
Locations:
@Zumper