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U.S. single-family rents rose 1.4% in August from a year ago, down from July’s 2.3% and the smallest increase in 15 years, Cotality said. Growth cooled across price tiers, with high-end up 1.6% versus 1.1% for low-end. Chicago led at 4.7%, while Dallas fell 0.6% amid a wave of new apartments. Cotality’s Molly Boesel said local factors keep Los Angeles resilient, now slightly above its pre-wildfire January level. Multifamily rents slid 0.8% in September, Apartment List found, as vacancies hit a record 7.1% and the national median fell to $1,394—$48 below its August 2022 peak.

Prepared by Christopher Adams and reviewed by editorial team.