Rent continues to climb across the nation — but apartments in these 20 cities are actually getting more affordable
However, rent is still historically high since the market remains very competitive.Rent growth is gradually moderating across the US as
Though rent is increasing at a measured pace compared with the double-digit rates of the past few years, it's still growing at a historically high rate. Before the coronavirus pandemic, rent for one-bedroom apartments usually rose at about 2% a year, which is in line with the Federal Reserve's inflation target. Today, median rent growth is three times that figure, at 6%.
There's another startling sign that the US rental market isn't yet back to normal: The US has more cities with double-digit rent growth than those with negative rent growth.
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