American renters got some price relief in February as the national median asking rent dipped to the lowest level in four years, with some metro areas seeing notable declines.An analysis by Realtor.com found that the median asking rent for 0 to 2-bedroom properties in the 50 largest metro areas declined for the 30th consecutive month, with the metric falling $29, or 1.7%, compared to a year ago in February. The median asking rent in those markets was $1,667 – down 5.1% from its peak in summer 2022 but still14.2% higher than its pre-pandemic level. All 50 metro areas analyzed in the report had m...
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