Rent growth is slowing down for the season, a welcome sign for apartment hunters who have battled rapid price increases throughout the pandemic.
The national median rent decreased by 0.2% in September, the first monthly decline since last December. In fact, rents are down this month in 69 of the nation’s 100 largest cities, albeit modestly.
For the latest data, see Apartment List’s October Rent Report, complete with median rent and price growth data through September 2022. Some highlights below:
Advertisement
- Rents in Asheville increased 0.9% month-over-month in September, compared to a 0.2% decrease nationally.
- Year-over-year rent growth in Asheville currently stands at 6.9%, compared to 31.3% at this time last year. -Rents in Asheville are up by 43.2% since the start of the pandemic in March 2020.
- Median rents in Asheville currently stand at $1365 for a 1-bedroom apartment and $1698 for a two-bedroom.
Check out the full report here, and for a complete look at national trends, read our national report. The raw rent stats – for cities, metros, and states – can also be downloaded at any time from this page.
Prepared by Apartment List.