National Rent Growth Slows for 3rd Month, but Surges in Some Cities: Report

Residential rental rates continue to cool—except for in New York and San Francisco, where rates remain among the highest in the nation.

Median rental rates dipped slightly in September, the third straight month of price declines, online real estate marketplace Zumper said in its monthly national rent index. Nationwide, rents for one-bedroom residences were $1,517, while rents on two-bedroom properties fell slightly, to $1,894. One-bedroom rents softened in 71 of 100 cities, Zumper said.