The case for falling rentSomething strange is happening in the apartment market.
More than 971,000 apartment units were under construction across the US at the end of 2022, the second-largest number on record.
There's only so much people are willing to pay,'" said Jon Leckie, a researcher for Rent, a platform that helps landlords market their properties.
For now, though, the wave of supply that's already underway should keep rents in check over the next couple of years.
Now, as landlords shift their focus from jacking up rents to filling up units, renters can once again look ahead to better days.