Affordable Rentals Vanish: Sub-$1K Apartments Now Just 7.5% of Market
American Apartment Owners Association
NOVEMBER 25, 2024
An accelerating surge in apartment rents is tightening the squeeze on the most affordable segments of the U.S. According to a new report from Redfin, renters seeking apartments under $1,000 a month are increasingly struggling to relocate as rising costs force them to stay in place longer and the number of new listings continues to dwindle.
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