【Zillow】Rent Growth Below Average as Subdued Spring Leasing Season Persists in May

Asking rents climbed by $13, or 0.6%, from April to May, according to the latest edition of the Zillow Observed Rent Index (ZORI). That brings the typical rent price nationwide to $2,048, or 4.8% higher than one year ago, continuing a steady slowdown in annual growth rates ever since the record-high growth rate of 17% observed in February 2022.

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