【Zillow】A Blend of Stability and Gradual Changes in the U.S. Rental Market (November 2023 Rental Market Report)

The rental market this November displayed a pattern of steady trends punctuated by minor fluctuations. In November, the typical rent across the United States stood at $1,982 according to the Zillow Observed Rent Index (ZORI), reflecting a slight decrease of 0.2% from the previous month. This movement, or lack thereof, aligns closely with the pre-pandemic norms for this time of year, which traditionally saw little to no change month-over-month.

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