Rent Drops to 4-Year Low in 15 Major Markets
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Renters Rejoice: Median Asking Rents Drop to Four-Year Low
Median asking rents for zero to two bedroom units in the fifty biggest metro areas have hit a four-year low, dropping to $1,667. This marks the thirty-straight year-over-year drop, with a $29 decrease from the previous month. Renters in fifteen major markets are experiencing relief, with drops of at least 10% from their peaks. Austin, Texas saw the biggest plunge, down 18.2% to $1,357. However, analysts predict rents will tick up soon with spring leasing season ahead.
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