U.S. rental market shifts unevenly: Sun Belt sees deals, Northeast stays pricey
By
Stephan Bisaha
Summary
The article examines the current U.S. rental market, which has shifted in favor of renters in many areas due to a construction boom creating an apartment surplus. About 40% of rentals on Zillow offer move-in deals like free months of rent. However, this trend is uneven across the country — cities like Nashville, Austin, and Phoenix have seen significant rent declines, while the Northeast and Midwest remain expensive with limited inventory. The article highlights that while renters in Sun Belt markets have negotiating power, affordability remains a challenge overall, and the market could shift again if construction slows.
Source
bskyU.S. rental market shifts unevenly: Sun Belt sees deals, Northeast stays priceynpr.orgKey quotes
· 3 pulledI even saw some places doing three months, three and a half months free.
This is what a renter's market looks like.
About 40% of rentals on Zillow offer move-in deals, like a month of free rent, thanks to a construction boom that created an apartment surplus in some parts of the United States.
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