It’s a Slow, Slow Summer for Rent Growth

This is usually the time of year when monthly rent growth starts to peak. But this summer hits different.

According to the latest data from ApartmentList, the majority of metro-area cities—nearly two-thirds—reported slow (less than 1 percent) or flat (0.5 to -0.5 percent) month-over-month rent growth in June—good news for local renters after almost a decade of painfully high annual summertime price hikes.

Last month’s sluggishness is especially notable, because it all but seals the deal on a slow growth summer, which should make annual rent increases a teensy bit easier to stomach. It could provide some renters with the upper hand to negotiate, especially in areas with newly

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