Single-family rents reach record high, 20% above apartments

It costs about $350 more each month to rent a single-family home  Rents for single-family homes are up 41% over pre-pandemic norms; multifamily rents have risen 26% in that time.  Concessions are being offered on two out of every five rental properties on Zillow, another record.  For-sale inventory continues to recover, but is still 25% below pre-pandemic norms.  SEATTLE, Jan. 22, 2025 /PRNewswire/ -- Rented single-family homes are the housing market's big standout right now, with costs 20% higher than th ...