US Rent Prices are Just Shy of Notching a New All-Time High

Rent prices in the US are just shy of notching a new all-time high Jennifer Sor Sep 13, 2023, 10:28 AM EDT Rents came close to touching a new record last month, Redfin data shows. The US median asking rent price rose to $2,052 last month, just below the all-time-high of $2,054. Similar to the buyers’ market, the rental market is tight as tenants compete for limited available units. Rent prices came close to hitting a new record last month, a sign that the US rental market is still hot. The US median asking rent price rose to $2,052 in August,…