Adjusted for inflation, median rent is 8.1% lower than it was one year ago.

Median rent and inflation-adjusted median rent of a one-bedroom apartment, August 2021-November 2023

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Inflation-adjusted median rent is indexed to October 2023 dollars. November 2023 figures are not adjusted for inflation.

Chart: Lena HanSource: ApartmentAdvisor and the Bureau of Labor Statistics (for inflation adjustment)Get the dataDownload imageCreated with Datawrapper