Apartment List National Rent Report for April 2025
According to Apartment List’s National Rent Report for April 2025, national median rent increased 0.6% to $1,384 in March – the second consecutive month-over-month increases. However, year-over-year growth remains negative at -0.4%.
Rent Trends
“Since the second half of 2022, rent prices have continued to ebb and flow with the seasons as they typically do, but with the overall trajectory trending modestly downward. Following a period of record-setting rent growth in 2021 and the first half of 2022, the national median rent has now fallen below its August 2022 peak by a total of 4 percent, or $58 per month. But despite the cooldown, the typical rent price remains 20 percent higher than its January 2021 level.”