U.S. Rents Fall for 33rd Consecutive Month Amid Surge in Multi-family Construction
The U.S. rental market has seen a decline of $29 (1.7%) year-over-year to a median asking rent of $1,673 as of April 2026, marking the 33rd consecutive month of annual declines for small-unit properties. A surge in multi-family construction is expected to continue easing rental pressures into 2027.