The Cost Of Rent In The U S Is Finally Dropping But Likely Won T Continue
Following months of escalating rent prices, the national average asking price for both one- and two-bedroom apartments has fallen slightly, according to Rent.com. The median rent across the country for a one-bedroom apartment fell 2.8% month-over-month to $1,721, while two-bedroom rental prices dropped 2.5% to $2,054. The drop is welcome news after many months of skyrocketing rental prices, with some cities having seen hikes up to 25% in 2021, CBS News notes....