Rents for U.S. Homes Drop for First Time Since 2012, Zillow Says
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Renters finally have reason to rejoice: their housing costs dropped last month for the first time in six years.
The median rent for apartments, single-family homes and other residences across the U.S. was $1,440 in September, down 0.2 percent from a year earlier and the first year-over-year decline since July 2012, according to listings website Zillow. Rents have jumped 14 percent since September 2011, or about 2.3 percent a year.