Rents Are Falling—But For How Long? The 2025 Rental Market Outlook

BiggerPockets Daily

In this episode, we break down Apartment List’s February 2025 National Rent Report, revealing the latest trends in rent prices, vacancy rates, and where the rental market is headed next. With rents declining for the sixth straight month, national median rents now sit at $1,370, down 0.2% from last month and 0.5% year-over-year. But is this trend about to reverse?

We’ll discuss:

✅ The record-breaking vacancy rate hitting 6.9%—the highest in recent history

✅ Why Sun Belt cities like Austin, Denver, and Raleigh are seeing the sharpest rent declines

✅ The Midwest’s surprising rent growth resurgence

✅ How the Fed’s rate cuts could impact future rent trends

✅ Whether this signals the end of declining rents as supply slows in 2025

With nearly 800,000 new multifamily units still in the pipeline, will rents keep falling, or is a turnaround coming? Tune in for expert analysis and actionable insights for renters, investors, and landlords alike!

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