10 US Cities Where Rent Prices Are Falling the Fastest
For the first time in several years, rents are starting to cool off. New data from Realtor.com shows monthly rents dipped 0.5% year over year in May 2023. The median rent is now $1,739 in the 50 largest US metropolitan areas.
Which cities are seeing the biggest rent declines? These are the 10 cities where rent prices are falling the fastest.
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Virginia Beach, Virginia
Median rent price: $1,436
Year-over-year changes: -1.6%
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