Tag Archives: Rent.com

As the world’s tech hotspots expand outside the walls of Silicon Valley, Rent.com examined the cities where brilliant minds are converging and where startups are blossoming into tech giants.

Asking rents have declined year-over-year in three of the last four months, according to a new Rent.com report, dropping a total of four times in 2023. As prices continue to climb in the Midwest, other regions saw annual declines in November, as the market continues its seasonal slowdown.

Experts from Redfin explain why declining rent costs aren’t showing up in the data just yet, as landlords nationwide are issuing one-time discounts to attract tenants.