That figure was 0.7%, or $12, less than in 2023 but is still 22.5% higher than the pre-pandemic rent rate of $1,407 in April 2019.
Advertisement18 cities where rents have fallenRenting is also much more affordable than it was during the pandemic peak.
The typical Austin apartment in April went for $1,494, which is down 11.5% — or nearly $200 — from the peak rent of $1,689 in September 2022.
Below are the 18 US cities, many of which became Zoomtowns during the pandemic, where apartment prices are down at least 5% from their post-2019 peak.
Along with each is its median rent in April, year-over-year rent change, peak rent, and change from that peak rent figure.
Persons:
—, Realtor.com, Jiayi Xu, Xu, Austin
Organizations:
Service, Business, Star
Locations:
Austin