According to Apartment List’s National Rent Report for March 2024, national median rent rose 0.2% to $1,377. They say this increase is in line with the rental market’s typical seasonal pattern.
“…for the last two years seasonal declines have been steeper than usual and seasonal increases have been milder. So on a year-over-year basis, rent growth remains in negative territory at -1 percent, where it has sat for the last several months. In other words, as the market cools, apartments are on average slightly cheaper today than they were one year ago…”
Click here to read the full report at Apartment List.
