Brief excerpt:
Another monthly update on rents.
Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure.
More recently, immigration policy has become a negative for rentals.
Apartment List: Asking Rent Growth -1.3% Year-over-year …
The national median rent fell 0.8% in December, and now stands at $1,356. This closes the book on 2025, with five consecutive months of rent declines. Based on recent years, we expect another 1-2 months of rent drops before the market turns a corner in early Spring.
Realtor.com: 28th Consecutive Month with Year-over-year Decline in Rents
Across the 50 largest metropolitan areas in the United States, median asking rent for 0-2 bedroom units fell for the 28th consecutive month on a year-over-year basis.
There is much more in the article.