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Fresno Leads U.S. Cities in Rent Growth While Sun Belt Markets See Declines

The median rent is now $1,384 monthly, up 0.6% from February.

By Kristen Smithberg | March 31, 2025 at 04:38 AM

Median rent grew for the second consecutive month in March, although year-over-year growth remains negative, according to Apartment List’s April 2025 national rent report. Rents rose 0.6% month over month to $1,384, an $8 per month increase, but are down 0.4% from March 2024.

Rent growth has fluctuated seasonally since the second half of 2022, but the overall trajectory has trended mostly downward, according to Apartment List. Rents remain below their August 2022 peak by 4% but still 20% above the January 2021 levels. In dollar terms, the national median rent today is $5 per month cheaper than one year ago and $58 per month less than in August 2022, but it remains $237 per month higher than the January 2021 level.

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