U.S. Apartment Rent Growth Slows for Second Consecutive Month via ConnectCRE

The national median asking apartment rent was up 14% year over year to $2,032 in July, Redfin reported Friday. It’s the smallest annual increase since November, and compares with 15% in June and 16% in May.

On a month-over-month basis, the median asking rent climbed 0.6%, the slowest growth since February and down from a 2.1% increase a year earlier.

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