The quick rise in U.S. rental prices over the past year is beginning to slip in several American cities during the peak summer season when rent prices are normally higher, according to Zumper’s National Rent Report for June.
Median rent prices for one-bedroom apartments in the United States went up by 0.5 percent between May and June, though the price is still at an all time-high, while prices for two-bedroom apartments fell 2.9 percent in June.
A jump of 0.5 percent is a more reasonable growth rate than than the increases of 1 to 2 percentage points per month that were the norm during the height of the pandemic, Zumper said….