Apartment rent growth grew at its slowest rate since February, though rents continue to buck seasonal trends.
Apartment List's national rent index ticked up by 0.8% from September to October, the least growth since the beginning of this year. And 22 of the nation's 100 largest cities saw rents fall this month, after a nearly six-month stretch of uninterrupted growth.
Boise, long hailed as a pandemic rents leader, saw the biggest decline, with prices down 3.1% in October. The slump means the Idaho city will relinquish its title as the country's fastest spot for rent growth since the pandemic began. (That spot now belongs to Tampa, where rents are up 36% over March 2020 levels.)
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