According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices rose by 3/2% year over year in May, 2024.  They say May’s annual rent growth was generally in line with numbers recorded over the decade before the pandemic.  However they say it’s a different story for a lower-priced properties.

“While the annual rent growth in higher-priced properties picked up momentum…lower-priced properties saw a slowdown in growth and had the lowest annual rent increase of any price tier in May. However, even though growth for lower-priced rentals has slowed, properties in this price range saw gains of more than 30% over the last four years.”  Said Molly Boesel, principal economist for CoreLogic.