National Rent Prices Drop for the Thirty-Fifth Month as Supply Expands

By Dina Sartore-Bodo · Realtor.com · 2026-07-15

National Rent Prices Drop for the Thirty-Fifth Month as Supply Expands

The national median asking rent across the 50 largest metropolitan areas fell to $1,692 this June, according to data from Realtor.com. While monthly costs for studios and one-bedroom units continue to decline from their 2022 peaks, the financial advantage of renting over buying p

The national median asking rent across the 50 largest metropolitan areas fell to $1,692 this June, according to data from Realtor.com. While monthly costs for studios and one-bedroom units continue to decline from their 2022 peaks, the financial advantage of renting over buying p