One analysis after another has said that apartment rents have been falling on average. Not a lot, but a bit here and there. Not necessarily enough from that view to keep pace with rising insurance premiums, tax bills, maintenance, and utility prices.
But what about single-family rentals? The Rentometer Quarterly Report focuses on 3-bedroom single-family rentals and looks across 755 cities split into six regions. Focused more on families who need the room, the results have been better than multifamily. Cities with fewer than 25 new or updated rentals within any quarter weren't included. Rentals below $500 (min price) or above $10,000 (max price) were also excluded. Data were taken between January 1st and March 31st for 2023 and 2024.
About 75% of the cities in question, or about 567, saw year-over-year increases. And 16% saw double-digit jumps.
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