Are Rents Starting To Cool Off?

Rents Decline Annually for the First Time in Six Years

SEATTLE, Oct. 18, 2018 /PRNewswire/ — Rents declined nationwide on an annual basis for the first time in more than six years. The median U.S. rent is $1,440, according to the September Zillow® Real Estate Market Report [i] . That’s down 0.2 percent (which translates to $36 in annual rent) from last September, the first annual nationwide decrease since July 2012.