07/31/2023

Rent is Finally Cooling

See how much prices have changed in your area

There's good news for renters: Your too-high rent is finally not skyrocketing anymore.

Monthly asking prices shot up by 15 percent between 2020 and 2022, marking the fastest run-up in rents in nearly a century. But now costs are calming down.

Rent growth around the country is back at pre-pandemic norms — growing about 1 to 3 percent per year, according to real estate data firm CoStar Group. In some recent hot spots, including Austin and Atlanta, prices are actually falling.

Please select this link to read the complete article from The Washington Post.