Realtor.com®: Two Years of Declining Rents Have Renters Ready to Make a Move
Realtor.com (NASDAQ:NWSA) reports that median rents declined for the 25th consecutive month in August 2025, falling 2.2% year-over-year with a $38 decrease. The median asking rent for 0-2 bedroom units in the 50 largest metros dropped to $1,713, marking a 2.6% decline from August 2022's peak, while remaining 17.0% above pre-pandemic levels.
The report reveals declining rents across all unit sizes, with studios down 1.7% to $1,430, 1-bedrooms falling 2.1% to $1,593, and 2-bedrooms showing the largest decline of 2.2% to $1,897. Markets like Las Vegas, Atlanta, and Austin experienced the most significant drops from their peaks, all exceeding 13%. The sustained rent decreases have led to increased renter mobility, rising from 20.8% in 2021-2022 to 21.6% in 2024.
Realtor.com (NASDAQ:NWSA) segnala che, nell’agosto 2025, i canoni medi hanno continuato a scendere per il 25° mese consecutivo, registrando una diminuzione annua del 2,2% e una riduzione di 38 dollari. L’affitto medio richiesto per appartamenti con 0-2 camere nelle 50 principali aree metropolitane è sceso a $1,713, in calo del 2,6% rispetto al picco di agosto 2022, ma resta sul 17,0% al di sopra dei livelli pre-pandemia.
Il rapporto mostra diminuzioni dei canoni in tutte le tipologie di unità: i monolocali scendono dell’1,7% a $1,430, i bilocali di 1 camera perdono il 2,1% attestandosi a $1,593, mentre i bilocali di 2 camere registrano la maggiore contrazione, -2,2%, a $1,897. Mercati come Las Vegas, Atlanta e Austin hanno sperimentato le flessioni più marcate dai loro picchi, oltre il 13%. Il continuo ribasso degli affitti ha favorito una maggiore mobilità degli inquilini, passata dal 20,8% nel periodo 2021-2022 al 21,6% nel 2024.
Realtor.com (NASDAQ:NWSA) informa que los alquileres mediaron para el 25.º mes consecutivo en agosto de 2025, con una caída interanual del 2,2% y una reducción de 38 dólares. El alquiler medio pedido para unidades de 0-2 habitaciones en las 50 mayores áreas metropolitanas cayó a $1,713, un descenso del 2,6% desde el máximo de agosto de 2022, aunque se mantiene un 17,0% por encima de los niveles previos a la pandemia.
El informe muestra disminuciones de alquiler en todos los tamaños de unidad, con estudios bajando un 1,7% a $1,430, apartamentos de 1 habitación cayendo un 2,1% a $1,593 y los de 2 habitaciones registrando la mayor caída, un 2,2% para situarse en $1,897. Mercados como Las Vegas, Atlanta y Austin experimentaron las caídas más significativas desde sus picos, todas superiores al 13%. Las continuas bajadas de los alquileres han impulsado una mayor movilidad de los inquilinos, que pasó del 20,8% en 2021-2022 al 21,6% en 2024.
Realtor.com (NASDAQ:NWSA)의 보고에 따르면 2025년 8월에는 중위 임대료가 연속 25개월 하락했고, 전년 대비 2.2% 감소하며 38달러가 줄었습니다. 50대 대도시에서 0-2베드룸 유닛의 중위 임대료는 $1,713로 떨어졌고, 이는 2022년 8월 정점 대비 2.6% 하락했지만 팬데믹 이전 수준보다 17.0% 높은 상태를 유지합니다.
리포트는 모든 유닛 크기에서 임대료가 하락했다고 밝히며, 스튜디오형은 1.7% 하락한 $1,430, 1베드는 2.1% 하락한 $1,593, 2베드룸은 가장 큰 하락폭인 2.2% 내려 $1,897에 거래되고 있습니다. 라스베이거스, 애틀랜타, 오스틴과 같은 시장이 정점 대비 가장 큰 하락을 겪었으며 모든 경우가 13%를 넘었습니다. 지속적인 임대료 하락으로 인해 세입자 이동성이 증가했고, 2021-2022년의 20.8%에서 2024년에는 21.6%로 상승했습니다.
Realtor.com (NASDAQ:NWSA) indique que les loyers médians ont chuté pour le 25e mois consécutif en août 2025, en baisse de 2,2% sur un an et de 38 dollars. Le loyer médian demandé pour les logements de 0 à 2 chambres dans les 50 plus grandes métropoles est tombé à $1 713, en baisse de 2,6% par rapport au sommet d’août 2022, tout en restant 17,0% au-dessus des niveaux pré-pandémie.
Le rapport révèle des baisses de loyers dans toutes les gammes d’unité: les studios perdent 1,7% à 1 430 $, les appartements d’une chambre chutent de 2,1% à 1 593 $, et les logements de deux chambres enregistrent la plus forte baisse avec -2,2% à 1 897 $. Des marchés tels que Las Vegas, Atlanta et Austin ont connu les baisses les plus marquées par rapport à leurs pics, toutes supérieures à 13%. La diminution soutenue des loyers a entraîné une mobilité accrue des locataires, passant de 20,8% en 2021-2022 à 21,6% en 2024.
Realtor.com (NASDAQ:NWSA) berichtet, dass die mittleren Mieten im August 2025 zum 25. aufeinanderfolgenden Monat gefallen sind, mit einem Jahresrückgang von 2,2% und einer Reduktion um 38 Dollar. Die mittlere geforderte Miete für 0- bis 2-Zimmer-Wohnungen in den 50 größten Metropolen sank auf $1,713, ein Rückgang von 2,6% gegenüber dem Höchststand im August 2022, blieb aber 17,0% über dem Vor-Pandemie-Niveau.
Der Bericht zeigt Mietrückgänge über alle Wohnungsgrößen hinweg: Studios fallen um 1,7% auf $1,430, 1-Zimmer-Wohnungen um 2,1% auf $1,593, und 2-Zimmer-Wohnungen verzeichnen den größten Rückgang von 2,2% auf $1,897. Märkte wie Las Vegas, Atlanta und Austin erlebten die größten Rückgänge von ihren Höchstständen, alle über 13%. Die anhaltenden Mietrückgänge haben zu einer höheren Mieter-Mobilität geführt, von 20,8% in 2021-2022 auf 21,6% in 2024.
Realtor.com (NASDAQ:NWSA) يذكر أن الإيجارات الوسطية انخفضت في أغسطس 2025 لمدة 25 شهراً على التوالي، بانخفاض سنوي قدره 2.2% وتراجع بقيمة 38 دولارًا. الإيجار الوسطي المطلوب للوحدات من 0-2 غرف في أكبر 50 منطقة حضرية انخفض إلى $1,713، وهو انخفاض قدره 2.6% عن ذروة أغسطس 2022، مع بقائه فوق مستويات ما قبل الجائحة بنحو 17.0%.
يكشف التقرير عن انخفاض الإيجارات عبر جميع أحجام الوحدات، حيث انخفضت الاستوديوهات بنسبة 1.7% إلى 1,430 دولاراً، وانخفضت شقق بغرفة نوم واحدة بنسبة 2.1% إلى 1,593 دولاراً، بينما شهدت شقق بغرفتين أكبر انخفاض بنسبة 2.2% لتسجل 1,897 دولاراً. أسواق مثل لوس أنجلوس برشلونة؟ المعذرة، روكر الأسواق مثل لاس فيغاس، أتلانتا وأوستن شهدت أكبر انخفاضات من ذرواتها، جميعها تتجاوز 13%. أدت الانخفاضات المستمرة في الإيجارات إلى زيادة التنقل بين المستأجرين، من 20.8% في 2021-2022 إلى 21.6% في 2024.
Realtor.com（股票代码：NWSA） 报告称，2025年8月的中位租金已连续第 25 个月 下降，年比下降2.2%，并下降了38美元。50个最大的都市圈中0-2居室单位的中位租金降至$1,713，较2022年8月峰值下降2.6%，但仍高于疫情前水平17.0%。
报告显示所有户型的租金均在下降，工作室降至1,430美元，1居室降至1,593美元，2居室降幅最大，下降2.2%至1,897美元。像 拉斯维加斯、亚特兰大和奥斯汀 等市场从峰值回落最明显，降幅均超过13%。租金持续下跌导致租客流动性增强，从2021-2022年的20.8%上升到2024年的21.6%。
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Insights
Continued rental declines signal market normalization after pandemic surge, improving affordability while creating opportunities for landlords to adjust strategies.
The 25 consecutive months of year-over-year rent declines represent a significant correction in the rental market following the pandemic-era surge. August's 2.2
What's particularly noteworthy is that despite these declines, rents remain 17
The increased renter mobility (rising from 20.8
The regional data reveals important geographic variations, with the sharpest year-over-year declines in Denver (-7.0
For property owners and REITs, these trends necessitate adjusting investment strategies and rent expectations, particularly in the hardest-hit markets. However, the continued elevation above pre-pandemic levels means most long-term holders are still seeing positive returns compared to 2019 positioning.
Median rents fell year over year for the 25th straight month in August as data show increased renter mobility
In August, asking monthly rents dipped by
"Rental declines across the majority of markets in various-sized homes are providing new options for renters, who have been squeezed by significant increases since the pandemic," said Danielle Hale, chief economist at Realtor.com®. "As rents remain significantly higher than pre-pandemic levels, our Site Visitor Survey shows that the search for a more affordable home remains one of the top reasons to move across all age groups. This is likely a reason why we're starting to see a modest uptick in renter mobility."
Rent Prices Dropping Across All Unit Sizes
Median rent declined across units in all size categories examined by Realtor.com®. Studio rents dropped to
National Rents by Unit Size, August 2025
Unit Size | Median Rent | Rent YoY | Consecutive | Total Decline | Rent Change - 6 |
Overall | -2.2 % | 25 | -2.6 % | 17.0 % | |
Studio | -1.7 % | 24 | -3.4 % | 13.3 % | |
1-Bedroom | -2.1 % | 27 | -4.0 % | 14.9 % | |
2-Bedroom | -2.2 % | 27 | -3.1 % | 18.6 % |
Greater Mobility as Rent Pressures Ease
Despite consistent year-over-year declines, median rents still remain
With rents easing, more renters are exploring a move. When rents rose in 2021–2022, nearly
Data from the Realtor.com® Site Visitor Survey reveals renters are most often considering a move to gain more space, find a more affordable home, or try out a new neighborhood. Markets with the largest rental price declines from their peaks, including
Reasons for mobility vary by age, with younger and older renters more likely to move for affordability reasons, while middle-aged renters may be looking for more space to accommodate a growing family.
"Renters focused on affordability are often willing to make compromises, like choosing a longer commute, fewer amenities or fewer on-site services," said Jiayi Xu, economist at Realtor.com®. "It shows that many households are carefully weighing costs against lifestyle, making tradeoffs to find a home that better fits their budget."
Renters Remain Hopeful About Ownership, But Barriers Persist
Even as the average age of home buyers reached an all-time high of 38 years old in 2024 and many renters remain priced out of buying, optimism about ownership is strong. Nearly
Market | Median Asking | YOY Change | Six Year Change |
-4.1 % | 9.0 % | ||
-6.5 % | 12.9 % | ||
-0.9 % | 13.9 % | ||
-3.2 % | 12.6 % | ||
-1.2 % | 12.2 % | ||
NA | NA | NA | |
-2.3 % | 15.4 % | ||
0.7 % | 15.1 % | ||
-4.1 % | 15.7 % | ||
-0.9 % | 25.1 % | ||
-0.7 % | 21.4 % | ||
-2.7 % | 15.1 % | ||
-7.0 % | 7.2 % | ||
-1.5 % | 11.9 % | ||
NA | NA | NA | |
-3.1 % | 8.3 % | ||
-1.8 % | 32.3 % | ||
-4.9 % | 24.6 % | ||
2.9 % | 26.3 % | ||
-4.6 % | 19.8 % | ||
-1.3 % | 12.8 % | ||
-4.2 % | 21.2 % | ||
-3.7 % | 12.9 % | ||
-3.6 % | 34.7 % | ||
-1.1 % | 16.7 % | ||
-3.1 % | 2.9 % | ||
-5.1 % | 21.0 % | ||
NA | NA | NA | |
0.5 % | 26.3 % | ||
-2.2 % | 8.7 % | ||
-2.9 % | 20.6 % | ||
-2.1 % | 8.4 % | ||
-6.2 % | 19.6 % | ||
-0.5 % | 39.9 % | ||
-4.1 % | 14.7 % | ||
NA | NA | NA | |
-5.9 % | 22.0 % | ||
-0.5 % | 26.7 % | ||
-4.8 % | 15.5 % | ||
NA | NA | NA | |
-4.2 % | 25.0 % | ||
-1.8 % | 20.2 % | ||
-4.1 % | 19.6 % | ||
-4.9 % | 11.5 % | ||
-0.1 % | -3.2 % | ||
1.6 % | 6.6 % | ||
-2.3 % | 4.9 % | ||
-0.3 % | 39.1 % | ||
-1.7 % | 21.5 % | ||
-0.5 % | 16.2 % |
Methodology
Rental data as of August 2025 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com® began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019. With the release of its August 2025 rent report, Realtor.com® incorporated a new and improved methodology for capturing and reporting more comprehensive rental listing trends and metrics. The new methodology is expected to yield a cleaner, more representative and more consistent measurement of rental listings and trends at both the national and local level. The methodology has been adjusted to better represent the true cost of primary housing for renters.
Site visitor survey: To better understand the sentiment and experiences of buyers, sellers, and renters currently on the market for homes, the Realtor.com® economics team conducts a randomized survey of visitors to listing detail pages on the site, the Site Visitors Survey. Respondents are asked about the reasons they're visiting the site, how they've been engaged with the housing market, and how they feel that current market conditions are affecting their behavior. The survey was first launched in the fourth quarter of 2019, and this report focuses on results reported from Summer 2023 to Summer 2025.
Surveys are administered randomly to visitors on Realtor.com®. For this report, we consider only respondents who indicate that they are looking for new rental homes on Realtor.com®. Weights are calculated by computing the share of survey respondents falling into categories based on age and adjusting these proportions to match the share of all visitors to Realtor.com® and similar online real estate marketplaces segmented by age.
About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media contact: press@realtor.com
View original content:https://www.prnewswire.com/news-releases/realtorcom-two-years-of-declining-rents-have-renters-ready-to-make-a-move-302557072.html
SOURCE Realtor.com
