Realtor.com says that In June 2026, U.S. median rent recorded its 35th consecutive year-over-year decline. Rent for 0-2 bedroom properties across the 50 largest metropolitan areas dropped by 1.5% compared to the previous year, with the median asking rent at $1,692—$25 lower than the prior year. They say while the median asking rent remains $238 (16.4%) above pre-pandemic levels recorded in June 2019, it has fallen $72 (-4.1%) from its August 2022 peak. This persistent softness is increasingly translating into real savings for renters navigating a market that once felt out of reach.
Some key points:
- June 2026 marks the 35th consecutive month of year-over-year decline for 0-2 bedroom properties.
- The median asking rent in the 50 largest metros registered at $1,692.
- Median rent declined in all size categories.
Click here to read the full report at Realtor.com.
