Some Cities Are Building Their Way to Lower Rent. Others Are Falling Behind: Realtor.com June 2026 Rent Report

Median asking monthly rent across the 50 largest metros fell to $1,692 in June, down 1.5% (=$25) from a year ago. New York and Boston are building at their slowest pace since 2019, while Florida and Columbus, Ohio are building the fastest—signaling uneven regional supply dynamics that could keep near-term rent growth cautious in the slower-growth metros.

Analysis

Median asking monthly rent across the 50 largest metros fell to $1,692 in June, down 1.5% (=$25) from a year ago. New York and Boston are building at their slowest pace since 2019, while Florida and Columbus, Ohio are building the fastest—signaling uneven regional supply dynamics that could keep near-term rent growth cautious in the slower-growth metros.