Realtor.com®: Renters Now Spend Less than a Quarter of Their Income on Rent [Yahoo! Finance]
News Corporation - Class B (NWS)
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Source: Yahoo! Finance
AUSTIN, Texas Oct. 14, 2025 /PRNewswire/ -- Rents declined again in September, according to the Realtor.com ® September Rent Report , extending a two-year stretch of easing prices and modestly improving affordability for typical households. The latest drop, the second month-over-month decline since March, reflects the market's normal cooling heading into fall. The median asking monthly rent for 0–2 bedroom properties in the 50 largest metros was $1,703, down $36 (-2.1%) from a year ago and $10 lower than the prior month. Monthly rents now sit $56 (-3.2%) below their August 2022 peak but remain $241 (16.5%) higher than before the pandemic. Overall, rent growth has been subdued in 2025, with median asking prices up just 0.4% year to date, compared with a 1.9% increase during the same period in 2024. "Two years of gradual rent declines have given renters a bit more breathing room," said Danielle Hale, chief economist at Realtor.com ® . "Still, even as a typical household spends a sm
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