Rent Relief: Are Prices Finally Cooling Down?
Update: 2025-10-23
Description
Rent prices are cooling down nationwide! Single-family rents saw the smallest increase in 15 years, but the story varies by city. While Chicago, LA, Philly, and D.C. are still seeing gains, Dallas rents are dropping thanks to a construction boom. A surge in new apartments nationwide is pushing vacancy rates up and median rents slightly down, but remember, rents are still 22% higher than pre-pandemic levels.
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