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 2022 and to 32.1% 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 2022 and to 32.1%
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