Originally published on November 21, 2023, by the Economy Team at CoreLogic.
- Nationwide, single-family rent prices increased by 2.6% year over year in September.
- Rental costs declined by -0.2% from August to September, which is in line with seasonal trends recorded over the 15 years before the pandemic.
- Lower-priced rental gains have outpaced the high-priced tier over the last three years.
- St. Louis led the nation for annual rent growth, while Austin, Texas; Las Vegas, and Miami again posted declines.
CoreLogic®, a leading global property information, analytics, and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas.