US Asking Rents Fall 0.4% in September, Slowest Decline in Three Years
Bitget2026/10/15 10:04- US median asking rent fell 0.4% year over year to $1,694 in September 2026, the slowest decline in three years.
- The decline extended to 38 consecutive months, though rents remained 14.5% above pre-pandemic levels.
- Bay Area AI hiring fueled rental demand; San Jose rents rose 6% to a record $3,565.
- San Jose listings offering concessions dropped to 24.3% from 51.9% a year earlier, signaling tighter rental conditions.
- Demand for lower-cost alternatives pushed some markets back into rent growth, while cooling Sun Belt construction slowed supply-driven declines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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