12/04/2025
Rents fell for the fourth straight month in November, with the national median dropping to $1,367 as new apartments outpaced demand—especially from young adults, many of whom are staying with family. Vacancy rates remain high, some markets like Austin and Boston are seeing sharper rent declines, and the Midwest is drawing more renters in search of affordability. With a steady flow of new units and weaker demand, experts say the rental market’s slowdown could linger into next year.