According to Apartment List’s National Rent Report for April 2024, national median rent rose 0.6% to $1,388. They say the turnaround is in line with the rental market’s typical seasonal pattern, as it transitions into the time of year when moving activity starts to gradually pick back up after bottoming out around the holidays. Indeed…
“Rent growth follows a seasonal pattern – rent increases generally take place during the spring and summer, whereas the fall and winter usually see a modest price dip. We are currently transitioning into the busy season, with the national median rent increasing for the second straight month, following six consecutive monthly declines from August 2023 to January 2024.”
Click here to read the full report at Apartment List.
