As rental activity remains steady across the U.S., the Midwest was ranked the most popular region for renting this year, according to a new RentCafe report, revealing the hottest markets to keep an eye out for in 2024.
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Rent Prices Continue to Moderate, Offering Financial Relief for Renters
While rents for one-bedroom units experienced their first year-over-year decline since 2020, prices remain 24.1% higher than 2019. However, Realtor.com’s June 2023 Rental Report predicts slowing inflation throughout the remainder of the year and continued financial relief for renters' budgets.
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