Multifamily Rents Near Record High, Even As Supply Expands

U.S. multifamily rents have slipped since record highs about a year ago, but still remain relatively high despite an influx of new supply, according to a new report by Redfin.

The median asking rent nationwide came in at $2,029 in June, up from $1,995 in May and $2,019 in June 2022, but down from a record high of $2,053 set in August 2022, according to the company. 

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