US Median Rent Falls for 34th Consecutive Month: Report

A lease now ad on a building in Alexandria, Va., on May 29, 2026. Madalina Kilroy/The Epoch TimesAmericans searching for affordable apartments may be in luck this summer, as the downward rental trend continues, according to Realtor.com’s May Rental Report. Last month marked the 34th consecutive month of year-over-year declines for studio to two-bedroom rents across the country’s 50 largest metro areas. The national median asking rent declined by 1.5 percent, or $26, compared with a year ago, standing at $1,686 per month in May.