Apartment rent growth continues to slow based on recent reports this week from Redfin and Realtor.com. Grabbing the headlines now are the markets where rents are falling.

Redfin said that was the case for October in 11 major metros, with the largest drops in Milwaukee, Minneapolis and Baltimore.

The median U.S. asking rent in October rose 7.8% year over year to $1,983, the smallest annual increase since August 2021, that real estate brokerage reported.

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