Rental Market Tracker: Rents Drop to Lowest Level in a Year
www.redfin.com
The median U.S. asking rent posted its smallest annual gain since May 2021 as landlords grappled with rising vacancies.

"landlords grapple with vacancies" NOOOOOOO, won't someone think of the heck'in landlordorinos??? :rage-cry:

Before you get your hopes too high, rents are still way up from pre-covid and depending on where you live in the USA your local rents could have actually kept increasing. It might take a full blown recession to see prices go back to a somewhat sane level.

My local median rent is over $2k and I make $15/hr haha. :mao-shining:

  • SpaceMarx17 [she/her]
    ·
    2 years ago

    I'm afraid Miami rent levels will NEVER go back to normal after everyone moved here during COVID. People who used to be able to live near their jobs in the tourism industry have to commute an hour :/

    • PurrLure [she/her]
      ·
      2 years ago

      I'm not from Miami but I'm Floridian and I feel you. Even the small suburban commuter towns have gotten as expensive as some of the semi-walkable metro cities here. It would actually be more expensive for me to move back to my hometown than it would be to stay where I am and get a rent increase with my next renewal since the prices are almost the same. Moving costs + more gas + more car mileage since I'd have to drive 45min+ just to get to work and places I actually want to be.