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. in 2012 to 35.2% Redfin attributed the decline in listings to a boom in asking rents after the pandemic, which led to rents stabilizing near their record highs soon after. in 2012 to 35.2%
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