Across the country, rent prices have moderated lately, providing some relief for recent college graduates embarking on their careers and seeking their own place for the first time.
The median U.S. asking rent fell 1% in April from a year earlier, to $1,625, the biggest decline since February 2024, according to a report from Redfin. That's $80 below the record high of $1,705, in August 2022.
