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Realtor.com® July Rental Report: A Rising Number of Rentals Drives Down Rent Prices for Third Straight Month

PR Newswire - Mon Aug 21, 2023

Rents for studio units saw their first year-over-year decline since 2020

SANTA CLARA, Calif., Aug. 21, 2023 /PRNewswire/ -- The Realtor.com® July Rental Report revealed a third consecutive month of better news for renters in many parts of the country, with a continued decline in year-over-year rent prices for 0-2 bedroom properties, down -1.0% from July 2022, driven in part by a rising rental supply.

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