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Apartments

U.S. asking rents decline (slightly), but continue to rise in some regions

by Samantha Fields
Jul 28, 2023
Asking rents are down 1% nationally, though they're still rising in some regions.
A man watches apartment construction in Austin, Texas. The increase in apartment supply is one reason for cooling rents.
Brandon Bell/Getty Images
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Supply of low-cost apartments dwindled over last decade, study says

by Matt Levin
Jul 7, 2023
Ultra-cheap rentals declined in every state, especially in Texas and North Carolina, where renters from more expensive markets are moving.
States like Texas, above, and North Carolina had a particularly sharp drop in low-cost apartments.
Brandon Bell/Getty Images
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Apartment construction is booming, but it probably won't last

by Henry Epp
Jun 2, 2023
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
Brandon Bell/Getty Images
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There are now only 4 major U.S. cities where buying is cheaper than renting

by Samantha Fields
May 25, 2023
That's good news if you're looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Even if monthly mortgage payments are higher than comparable rent, "you get the benefit of building up wealth," said Daryl Fairweather, chief economist at Redfin.
Justin Sullivan/Getty Images
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Adventures in Housing

This Florida woman used move-in deals to help save up for a house

by Maria Hollenhorst
Mar 1, 2023
Errica Jamil moved seven times in about as many years, earning her free or reduced rent. Now she owns a home of her own.
Chasing move-in specials every year eventually helped Errica Jamil buy a home of her own.
Brendan Smialowski/AFP via Getty Images
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Rents are finally starting to fall. Here's why.

by Lily Jamali
Dec 15, 2022
There was a huge surge in demand early in the pandemic. That has cooled down dramatically, and in some areas, demand is starting to be met.
Rents in some of the country's most unaffordable markets have begun to dip.
Joe Raedle/Getty Images
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Home construction is weak, but apartment construction is booming

by Justin Ho
Nov 18, 2022
That's because apartment developers have a lot more incentives to keep building right now.
Apartment construction is way up, as rents rise independently of mortgage interest rates.
Spencer Platt/Getty Images
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How brutal is NYC’s rental market? Just ask this producer.

by Dylan Miettinen
Sep 28, 2022
One report found that net effective median rent in Brooklyn jumped more than 27% year-over-year in August.
A public radio producer, two roommates and a corgi team up to take on Brooklyn's competitive rental market.
Dylan Miettinen/Marketplace
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Adventures in Housing

Apartment hunting? In New York City? In this economy? Fuhgeddaboudit.

by Maria Hollenhorst
Mar 30, 2022
“It's a new level of insanity in the market,” said recent New York City apartment seeker, Maya Kosoff.
The average price to rent a two-bedroom apartment in New York City reached $2,152 in February, according to a report from Apartment List.
Photo by Drew Angerer/Getty Images
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How private equity is changing the rental market

by Sabri Ben-Achour and Jarrett Dang
Mar 2, 2022
Heather Vogell of ProPublica finds short term-oriented corporate investors are increasingly becoming apartment landlords.
"I think what we're seeing is that these companies are acting in ways that are problematic for tenants to meet their investment goals," said ProPublica reporter Heather Vogell.
Justin Sullivan/Getty Images
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