Realtor.com June 2026 Rent Report: National Rents Continue to Decline Amid Divergent Construction Trends
The median asking monthly rent in the U.S. fell for the 35th consecutive month, down 1.5% year-over-year to $1,692 as multifamily construction outpaces demand. Cities like Columbus and Orlando are accelerating construction and may see more relief, while New York and Boston have slowed their building pace.
Topics: geographic differences housing market multifamily construction rent trends