Living
Roaring US Rental Market Shows Early Signs of Slowing Down
One-bedroom rents fell month-over-month in formerly hot cities like Miami, San Diego, Fort Lauderdale and Nashville.
This article is for subscribers only.
Rental markets in some of the hottest US cities are showing early signs of cooling down.
After surging 11.4% over the past 12 months, the median national rent for a one-bedroom apartment rose just 0.5% in June compared to a month earlier, while the median two-bedroom rent fell 2.9%, according to data from rental marketplace Zumper.