A recent Zumper report analyzed rental trends across major U.S. cities, predicting that rental prices will stabilize by mid-2025. The report highlighted five cities where one-bedroom apartment rents are decreasing significantly, with Jersey City experiencing a 16.7% drop. Other cities in decline include Aurora, Glendale, Chicago, and Norfolk. In contrast, the report also identifies cities where rents are increasing sharply, indicating a varied rental landscape across the country. This insight is crucial for potential renters considering their options in the coming years.
"If you're looking for a new apartment to rent this year, you might be worried about rental prices. A new Zumper report predicts that apartment costs will stabilize during the second half of 2025."
"Jersey City, NJ, led the pack for cities where the price of apartments is plummeting the quickest, due to a whopping 16.7% decrease in rent for a one bedroom."
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