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Story summary
- U.S. renters see sustained price relief in November 2025, with median asking rents at $1,693, down 1% from the prior year.
- Nationally, the median rent fell to $1,367, down 1.1% from last year.
- November typically shows slower activity, and this year the October–to–November drop is larger than in prior years.
- New apartment supply entering the market suggests rents will stay low into 2026, with a renter-friendly outlook.
