Some Cities Are Building Their Way to Lower Rent. Others Are Falling Behind: Realtor.com June 2026 Rent Report
Realtor.com's June 2026 Rent Report indicates the median asking rent in the top 50 U.S. metros fell to $1,692, marking the 35th consecutive month of year-over-year declines as construction outpaces demand. The report highlights a sharp divergence in construction activity, with cities like Columbus and Orlando ramping up permitting while New York and Boston have slowed to their lowest pace since 2019.
Key figures
- Rent yoy change
- -1.5%
- San jose rent yoy
- 3.3%
- Months yoy decline
- 35
- Median rent national
- $1,692
- San jose median rent
- $3,423
- Multifamily permits 2025
- 302730
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.