For the first time since 2022, August’s national median rent inched up by 0.1 percent, breaking the trend of slipping rents typical of the end of the summer season, Apartment List said in its Aug. 26 National Rent Report.
The report said the data could signal that the rental market is beginning to stabilize as new construction slows and new units get absorbed.
As of August, the national median rent stood at $1,390 per month, representing the seventh consecutive increase from the previous month.
Rents declined by 0.8 percent, or $11, from August 2025. Still, this represents an uptick from April’s bottoming-out drop of 1.6 percent. According to the report, April’s data matched a record low dating back to 2017….