April 17, 2023
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Rental Market Reports
Summary
Over the past year, Rentometer has closely monitored rent prices for three-bedroom (3-BR) single-family rentals (SFRs). Single- family homes are an attractive option for renters looking for more space but want less financial responsibilities than home owners. The for-sale housing market is cooling down due to inflation and mortgage rate increases1, but how have these factors affected rent prices?
Rentometer compiled an analysis of 3-BR SFR rent prices in 426 cities across the U.S. to see how much they have changed since this time last year.