U.S. rents continued to level off in April, posting a year-over-year gain of 3%. Meanwhile attached rental gains saw losses for the second straight month, at -0.5%, while detached gains were slightly stronger than the national average.
St. Louis topped the U.S. for annual rent growth in April and is currently the least-expensive tracked market, with the median monthly rent for a three-bedroom property at just more than $1,600. The other four markets in the top five for growth all have median rents higher than $3,200.
Click here to read CoreLogic’s full April 2024 SFRI report, which features commentary from Principal Economist Molly Boesel.
All archived SFRI reports are available at this home page, while regular housing market reports and blog posts from CoreLogic’s Office of the Chief Economist can be found here.
