Rents Are Falling in Some US Cities, Thanks to New Apartment Construction
11/07/2023 04:51
Renters in some of the fastest-growing US cities are finally getting some relief after a few years of dizzying increases as developers roll out droves of new apartments.
Renters in some of the fastest-growing US cities are finally getting some relief after a few years of dizzying increases as developers roll out droves of new apartments.
The Boise City, Idaho metro area has seen rents drop 6.2% over the past year after the local supply of apartments increased by about 1,600 units, or 5.3%. That topped the average supply increase among US cities of 2.1%, according to data from rental property software provider RealPage Inc.