Across the nation in April, median asking rents for units of all sizes fell year over year. Parts of the Midwest, however, did not get the memo, and rents rose, according to's April rental report.

In Nashville, rents for 0-2 bedroom apartments plummeted 8.4%, with two Texas metros close behind. In Austin, they dived 8.3%, in San Antonio 8.1% and in Houston 2.7%. Some Florida metros also fared poorly. In Orlando rents slumped 5.9%, in Miami 4.3%, in Jacksonville 3%, and in Tampa 2.5%.

Other Southern cities where renters could rejoice were Atlanta, Charlotte and Baltimore, which each saw rents drop 5.6%, Raleigh (down 5.3%), Memphis (down 4.9%), and Richmond (down 3%).

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.