Rents Are Finally Falling — Here Are the Cities With the Biggest Drops

“The median asking rate for three-or-more bedroom apartments declined the mostsince last July, dropping 2.4% to $2,010. That’s largely due to an increase in supply,Redfin reports. Rent prices for smaller apartments were more steady over the pastyear, as the median asking rate for rentals with one bedroom fell 0.1% to $1,498 amonth and the rate for two-bedroom apartments dipped 0.3% to $1,730.“