Realtor.com® January Rental Report: Mild Relief for Renters Continues As Rental Prices Decline to Start New Year

In January, U.S. median rents dropped (-0.3%) for sixth straight month SANTA CLARA, Calif., Feb. 22, 2024 /PRNewswire/ -- Rents fell in January for the sixth month in a row, with year-over-year prices down -0.3%, according to the monthly Realtor.com® Rental Report released today. That's providing some relief for renters, though prices remain higher than pre-pandemic levels amid strong demand and a limited supply of new units in many markets. In January, the median asking rent for 0-2 bedroom units in the 50 ...