Nationally, rents were up 3.5% in February compared to last year, according to Zillow’s February 2025 Rental Market Report.
The average asking rent in the U.S. was $1,980, up 0.4% from the previous month.
While rental prices are growing at a slower rate compared to major spikes seen in 2022, prices are still 33.9% higher than they were before the pandemic.
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