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End of Declining Apartment Rents on the Horizon

In fact, rents for March are in positive territory.

By Kristen Smithberg | March 06, 2025 at 06:15 AM

After six months of declines, the March 2025 Apartment List national rent index returned to positive month-over-month rent growth, increasing by 0.3% in February in line with seasonal trends. Rents are inching back toward positive territory but remain negative at -0.4%, marking the third consecutive winter in which seasonal discounts have been notably sharper than the pre-pandemic norm, according to the index.

National median rent is $1,375, up $4 per month compared to last month but down $5 from February 2024, according to Apartment List. Over the past 2.5 years, the national median rent has gradually dipped 4.6%, or $67 per month, below the mid-2022 peak.

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