The glass-half-full view is that price increases for single-family rental units are rather low, at least compared to the surges early in the pandemic.
There's a similar dynamic going on in the single-family rental market, according to Rentometer.
Fewer single-family units to choose from means that tenants have less bargaining power and may be forced to accept rent increases.
19 cities where rent is quickly slidingAlthough rent broadly is on the upswing, there are many cities where single-family rental units are getting cheaper, even if they're admittedly few and far between.
Below are those places, along with their average rent and rent growth in the third quarter, plus their region.
Persons:
homebuyers, —, Rentometer
Organizations:
Service, Savings, Business
Locations:
Midwest, Northeast, Southeast