December 2024 Rental Report: Rents Continue To Fall as New Construction Outpaces Demand

December 2024 Rental Report: Rents Continue To Fall as New Construction Outpaces Demand

Highlights – December 2024 marks the 17th consecutive month of year-over-year rent decline for 0-2 bedroom properties in the 50 largest metropolitan areas of the U.S. Rents nationally were down by 1.1% from December 2023. – The national median asking rent fell to $1,695, dipping below $1,700 for the first time since April 2022. –
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