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Housing Rents Pick Up After Eight-Month Lull


Rent growth in the nation’s 50 largest housing markets saw its first uptick since the pandemic began in March.

Rents grew 1.1% year-over-year, according to the Monthly Rental Report. Still, rental markets in pricey high-tech hubs like San Jose, San Francisco and Seattle continue to struggle.
The US median rent, which is calculated by averaging the median rent of the 50 largest metros, averaged $1,463 in March. Previously, rent growth had slowed from 2.2% in July 2020 to just 0.6% in February 2021.

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