Rents remain above pre-pandemic levels in nearly all major metros
Housing Wire
APRIL 16, 2025
Rent prices declined for the 20th consecutive month across the 50 largest U.S. metro areas. But the cost of renting remains well above pre-pandemic levels, according to the newest Realtor.com rent report released Wednesday. The median asking rent in March was $1,694, down $65 from the 2022 peak. But compared to March 2019, the median rent is still 20.2% higher, rising from $1,409 over the six-year period. “While the median asking rent is down $65 monthly or over $700 annually, in nearly ev
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