US one-bedroom rents stabilize at $1,534, while two-bedroom costs dip to $1,902, marking a cooling market.

US rents have stabilized, with one-bedroom apartments costing $1,534 for the fourth consecutive month and two-bedroom units slightly decreasing to $1,902. Zumper's report highlights 12 cities where one-bedroom rents are at least $250 cheaper than the national median, including Memphis, Indianapolis, and Charlotte. The rental market is cooling, potentially leading to further price reductions as landlords offer incentives to attract tenants.

November 26, 2024
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