Apartment List says their national median rent fell 0.7% to $1,354 – marking the 3rd straight month of negative rent growth. However they do say year-over-year rent growth remains in negative territory at -1.2%, meaning on average, apartments across the country are slightly cheaper than they were one year ago.
“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. This year, the slow season started a month earlier than usual…”
Click here to read the full report at Apartment List.
