February 28, 2025

The U.S. rental market continued to show signs of cooling as 2024 came to an end, with apartment rents experiencing a slight decline for the second consecutive year. According to Apartment List’s January national rent report, the median monthly rent across the country decreased by 0.6% ($8) from November, settling at $1,373 in December 2024. […]

After a period of relative stability in the rental market, experts predict that rents in the U.S. will begin climbing again by 2025 or 2026. The rental market saw significant increases throughout the early 2020s, but a surge in new apartment construction and economic shifts helped slow rental price growth. However, several key factors—including a