Real Estate

Rent growth slows to the lowest level in 18 months


A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022.

Stefani Reynolds | AFP | Getty Images

The red-hot rental market is finally starting to cool off along with the rest of housing.

Rents are still higher than they were a year ago, but the gains are shrinking, as landlords lose pricing power in the face of inflation.

Rents in October rose 4.7% compared with October 2021, the slowest annual increase in 18 months, according to The U.S. median rent was $1,734.

“Our data indicates that we are finally starting to see a bit of relief from the double-digit pace of rent growth that we experienced during the height of the pandemic,”…


0 0 votes
Article Rating

Grab pares losses by 24%, deliveries unit breaks even ahead of target

Previous article

Gap (GPS) earnings Q3 2022

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate