by Calculated Risk on 11/03/2025 10:52:00 AM

Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year

Brief excerpt:

Another monthly update on rents.

Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure.

More recently, immigration policy has become a negative for rentals.

Apartment List: Asking Rent Growth -0.9% Year-over-year ...

The national median rent dipped by 0.8% in October, and now stands at $1,381. This was the third consecutive month-over-month decline, as we’re now in the midst of the rental market’s off-season. It’s likely that we’ll continue to see further modest rent declines to close out the year.

Realtor.com: 26th Consecutive Month with Year-over-year Decline in Rents

September 2025 marks the 26th straight month of year-over-year rent decline for 0-2 bedroom properties since trend data began in 2020. Asking rents dipped by $36, or -2.1%, year over year.

There is much more in the article.