US Asking Rents Fall 0.4% in September, Slowest Decline in Three Years
US median asking rent fell 0.4% year over year to $1,694 in September 2026, the slowest decline in three years. The decline extended to 38 consecutive months, though rents remained 14.5% above pre-pandemic levels. Bay Area AI hiring fueled rental demand; San Jose rents rose 6% to a record $3,565. San Jose listings offe