Rents Are Finally Dropping—But Is It Enough?

Renters, you might finally catch a break! For the third year in a row, rents are dropping in most big U.S. cities—down 1.7% since last year and $60 below the 2022 peak. More apartments are available, and some folks who moved during the pandemic are heading home. But don’t get too excited: prices are still way higher than pre-pandemic days, and places like Miami are still wild. Midwest cities are leading the affordability charge, but experts say don’t expect rents to totally crash. #RentDrop #HousingMarket #RentalTrends #Safety