The pace of rising rents is slowing in many of the priciest markets and is now spreading to other parts of the country. That’s good news for renters, especially those who are looking to save more to buy a house one day.
Rents nudged up by 0.4 percent from February to March, according to data from Apartment List. Data from Abodo shows rents increased only 0.2 percent on one-bedroom apartments from March to April.
“There’s a large number of new apartment buildings and units which are now available,” says Sam Radbil, spokesman for Abodo. The added inventory “means prices are going to come down.”