Back
U.S. National Median Rent Falls 1.5% Year Over Year in February

U.S. National Median Rent Falls 1.5% Year Over Year in February

The average rent was $1,357, marking the second-lowest level since February 2022 and the largest annual decline since the 2020 pandemic.

Fact Check
The data points in the statement ($1,357 median rent, 1.5% year-over-year decline) are precisely matched by the Apartment List National Rent Report for March 2026 (reporting on February data). Multiple financial and real estate news outlets (Rental Housing Journal, Calculated Risk) corroborated these specific figures.
    Reference: 123
Summary

No Summary provided as the original text is short

Terms & Concepts
  • Year over year (YoY): A comparison of a metric with the same period one year earlier to show annual change.
  • Median rent: The midpoint rental price, where half of listed rents are higher and half are lower.