CoreLogic’s monthly Single-Family Rent Index (SFRI) recorded a 2.5% year-over-year gain in October, the lowest growth rate in more than three years. Despite the softening rental market, tenants’ budgets remain squeezed, with the median rental household paying about $500 more each month than it did before the pandemic. San Diego, St. Louis, Boston and New York led the nation for annual rental cost growth in October; Austin, Texas and Miami posted small losses.
Click here to read CoreLogic’s full October 2023 SFRI report, which features commentary from Principal Economist Molly Boesel.
All archived SFRI reports are available at this home page.