By Anna Hecht | CNBC
When it comes to renting an apartment in a metropolitan area, there’s rarely good news about the price. However, last month, the national average rent decreased for the first time in two years.
That’s according to apartment listing site Rent Cafe’s September 2019 Apartment Market Report, which found that the national average dropped 0.1% to $1,471 from August. National rents also saw the slowest year over year growth (3.2%) in 13 months.
While small, the decrease could be a good sign for renters: It may signal slightly lower rent prices going forward, according to data from real estate intelligence source Yardi Matrix.
