Apartments in these 24 cities are getting cheaper fastest, leaving landlords and real estate investors in shambles as rent growth heads toward negative territory

• Rent is rising at a slower pace in the US and is even declining outright in some markets.
• Real-estate investors can no longer count on the steady rent increases they’ve enjoyed recently.
• Here are two dozen US cities where rent was at least 5% lower this month compared to October 2022.

Rent growth continues to decline across the country, and in dozens of cities, apartments are cheaper now than they were last year.

In October, the median going rate for a one-bedroom apartment in the US was $1,505 and $1,862 for a two-bedroom fixture, according to a new report from Zumper, a rental platform.