U.S. annual single-family rent growth declined for the 15th straight month in July.
Although U.S. rent growth continued to ease year over year in June, it remains near its long-term, pre-pandemic level.
U.S. single-family rent growth dropped to 3.4% in May, with Chicago posting the nation's largest gain.
Although annual single-family rent growth dropped for the 12th straight month in April, costs are still up substantially since early 2020.
Annual U.S. rental cost growth continued to slow in March, with two Western metro areas posting declines.
All tracked U.S. metro areas saw single-digit annual rental price growth in February, ranging from 7.8% to 0.3%.
Rent growth cooled again year over year in January, with all 20 metros posting single-digit gains.
Single-family rent prices were still up by about 6% year over year in December 2022, but increases keep cooling.
Annual single-family rent price growth dropped to the lowest level in a year and a half in November 2022.
U.S. single-family rent growth posted an 8.8% year-over-year gain in October, the sixth straight month of annual declines.
U.S. single-family rental prices were up by 10.2% year over year in September, with Miami posting gains of almost double the national average