Nationwide, rents have been falling annually—but not everywhere. The median asking rent in the 50 largest metros for June was $1,743, which is $7 less than what renters paid in June 2023, according to a new [Realtor.com® report](//www.realtor.com/research/june-2024-rent/). Yet renters in certain cities are still getting gouged by rising prices. Midwest rental markets have experienced
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