Rents Drop for the Fifth Month in a Row

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Rents Drop for the Fifth Month in a Row

According to a recent report from Realtor.com, which tracked rents for studios, one-bedroom and two-bedroom apartments, condos, townhomes, and single-family homes in the 50 largest U.S. metros, September 2023 marked the fifth straight month of year-over-year declines in rents. During September, prices decreased further by 0.7% and the median asking rent dropped to $1,747—a $5
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