Rent Growth Trends Drive Midwest And Luxury Rental Demand

US single-family rents rose 0.9% year-over-year in October, continuing a slowdown, per Cotality’s latest SFR Index, reports GLobeSt. While still growing, this marks a notable deceleration from the 2.8% pace seen between October 2023 and 2024. The latest data shows the market is shifting toward normalization after a pandemic-driven surge. Average rents nationwide are still 9% higher than in March 2022. Read on to learn more: Link