According to Apartment List’s National Rent Report for April 2025, national median rent increased 0.6% to $1,384 in March – the second consecutive month-over-month increases. However, year-over-year growth remains negative at -0.4%.
“Since the second half of 2022, rent prices have continued to ebb and flow with the seasons as they typically do, but with the overall trajectory trending modestly downward. Following a period of record-setting rent growth in 2021 and the first half of 2022, the national median rent has now fallen below its August 2022 peak by a total of 4 percent, or $58 per month. But despite the cooldown, the typical rent price remains 20 percent higher than its January 2021 level.”
Click here to read the full report at Apartment List.
