The median asking rent in Seattle fell 7.3 percent year-over-year in April, according to a new report from Redfin. It’s the biggest drop among the U.S. metros Redfin analyzed.
Next came nine Sun Belt metros: Austin (-6.6 percent); Nashville (-5.9 percent); Jacksonville, Fla. (-5.6 percent); Miami (-5 percent); San Diego (-4.7 percent); Phoenix (-4.6 percent); Charlotte, N.C. (-4.5 percent); Tampa, Fla. (-4.3 percent); and Orlando, Fla. (-3.2 percent).
Metro-level data in Redfin’s report covers apartment asking rents in 33 major U.S. metropolitan areas. National data represents the entire United States. Please note that this report marks the debut of Redfin’s new rental market data metho
