Rents fall in most U.S. metros since 2023 as demand struggles to keep up with supply

Jun. 07, 2025 4:05 PM ET, , , , , , , By: Max Gottlich, SA News Editor47 Comments
(3min)
Property rental, leasing contracts, real estate, housing agreements, and property management. A close-up view of a lease agreement document with a house key, coins, US dollar, and a pen placed on top.

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Asking rents fell Y/Y in May in a majority of major U.S. metro areas -- the most in two years -- as demand struggled to keep up with swelling supply.

Some 28 of the 44 major national core-based statistical areas (CBSAs) Redfin (

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