As the Vacancy Rate Rises, Rents Are Poised to Fall

Rents are growing at the slowest pace since the COVID-19 pandemic, with median prices in the nation’s 50 largest cities reaching $1,734 April, down $43 from last year’s peak, according to Realtor.com. Increased supply of newly constructed apartments has led to a vacancy rate of 6.4%, the highest in two years, and that availability is
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