Construction catches up with demand, giving renters an affordability break
Affordability improves in most major metros
Renting
Zillow: CPI Shelter Forecast, September 2025
Zillow forecasts that rent growth measured by the Consumer Price Index will soften substantially into the end of 2025.
Renters make affordability gains for the first time in four years
Rent growth flattens as unseasonably cool summer winds down, allowing wages to make progress
Zillow: CPI Shelter Forecast, August 2025
Zillow forecasts that rent growth measured by the Consumer Price Index will soften substantially into the end of 2025.
Seven Major Metros Where Rents Are Flat or Falling This Summer
Rent growth continued to cool in July as more housing supply gives renters more bargaining power.
Zillow: CPI Shelter Forecast, July 2025
Zillow forecasts that rent growth measured by the Consumer Price Index will soften more quickly over the coming months.
Summer Kicks Off With an Unseasonably Cool Rental Market
Rental concessions hold steady at 35% – the highest level on record for June
Zillow: CPI Shelter Forecast, June 2025
Zillow forecasts that rent growth measured by the Consumer Price Index will remain somewhat elevated for now, softening towards the end of 2025.
Concessions Slide as Summer Approaches
Concessions remain at a record high for May as the rental market continues to cool after the pandemic frenzy
