Nearly Every U.S. Metro Has Higher Rental Prices than Pre-Pandemic, Despite Months of Declines

Nearly Every U.S. Metro Has Higher Rental Prices than Pre-Pandemic, Despite Months of Declines

Tariffs on building supplies could threaten continued price declines and damper new multi-family construction activityMarkets most at risk from the impact of tariffs: Milwaukee; Oklahoma City; Memphis, Tenn.; Cleveland; Columbus, Ohio; Atlanta; Cincinnati; Birmingham, Ala.; and San Diego

Rent remains high across the U.S. despite months of declines, study finds

FILE-A For Sale sign is posted in front of a single family home in Hollywood, Florida. (Photo by Joe Raedle/Getty Images) The cost of rent soared nationwide even with months of steady declines based on data from Realtor.com. Median rent prices overall jumped to $1,694 in March, representing a 20.2% increase compared to March 2019 when rent was $1,409 during the pandemic.RELATED: Is it cheaper to rent or buy a home in 2025Which U.S. cities have t…