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US Median Rent Prices Hit a 4-Year Low in February. See Which Cities Had the Steepest Declines
Median asking rents dropped 1.7% to $1,667 across 50 large U.S. metros, marking 30 straight year-over-year declines with 15 markets down 10% or more from pandemic peaks.
- Last month, Realtor.com found the median asking rent for 0-2 bedroom units across the 50 largest U.S. metros was $1,667, marking the lowest level in four years.
- The pullback stems from retreating pandemic-era peaks, with 15 markets now at least 10% below their highs as renters catch relief after years of elevated costs.
- Austin-Round Rock-San Marcos, Texas, led relief at 18.2% below peak with a $1,357 February 2026 median, while San Diego-Chula Vista-Carlsbad, California, fell 14.3% to $2,626 and Miami-Fort Lauderdale-West Palm Beach, Florida, dropped to $2,235 from a $2,550 peak.
- Relief remains uneven: Virginia Beach, Virginia, and Baltimore, Maryland, showed minimal retreat from post-pandemic highs, while even pricey markets like San Diego offered measurable savings to renters.
- The February 2026 snapshot marked the 30th consecutive year-over-year decline, with rents falling $29, or 1.7%, compared with February 2025, sustaining a long-running cooling trend.
26 Articles
26 Articles
The Epoch Times
US Median Rent Hits 4-Year Low, 30th Straight Month of Decline
Renters across the United States may be able to save a bit more on apartment leases this month, as rents nationwide hit a four-year low last month, marking the 30th consecutive month of declines. In its February Rental Report issued on March 17, Realtor.com recorded that the national median rent was $1,667, with 15 major markets posting rents more than 10 percent below their pandemic-era peaks. The median rent for studio, one-bedroom, and two-be…
Fox Business
The New York LedgerThe US housing markets that are seeing the largest drops in rent prices
American renters got some price relief in February as the national median asking rent dipped to the lowest level in four years, with some metro areas seeing notable declines.An analysis by Realtor.com found that the median asking rent for 0 to 2-bedroom properties in the 50 largest metro areas declined for the 30th consecutive month, with the metric falling $29, or 1.7%, compared to a year ago in February. The median asking rent in those markets…
Krem2 News
US median rent prices hit a 4-year low in February. See which cities had the steepest declines
Renters in the U.S. got a little relief in prices last month, as the national median asking rent dipped to the lowest level in four years. (AP Photo)
Realtor.com® Rent Report: U.S. Median Rents Hit Four-Year Low as Market Records 30th Consecutive Month of Decline
/PRNewswire/ -- The U.S. rental market has reached its most budget-friendly level in four years. According to the Realtor.com® February Rental Report, February...
Realtor.com® Rent Report: U.S. Median Rents Hit Four-Year Low as Market Records 30th Consecutive Month of Decline - News (NASDAQ:NWS), News (NASDAQ:NWSA)
National median asking monthly rent falls to $1,667; 15 major markets now see rents more than 10% below pandemic-era peaks AUSTIN, Texas, March 17, 2026 /PRNewswire/ -- The U.S. rental market has reached its most budget-friendly level in four years. According to the Realtor.com® February Rental Report, February marked the 30th consecutive month of year-over-year declines for 0-2 bedroom properties, bringing the national median asking monthly ren…
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