Austin Rents Soar by Nearly 50%, Marking Biggest Increase in U.S.

May 19, 2022 Demetria Lester

According to a new report from Redfin, the median monthly asking rent in the U.S. increased 15% year-over-year to a record high of $1,962 in April—slightly below March’s 17% increase—marking the first slowdown in a year. “The fact that rents are growing at a slower pace may be a very early sign that the Fed’s ...

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