National rents hit highest level since 2022 despite more inventory

The median United States asking rent rose 0.8 percent year over year in May to $1,653, the highest it's been since October 2022.

The median United States asking rent rose 0.8 percent year over year in May to $1,653, the highest it’s been since October 2022. The median United States asking rent rose 0.8 percent year over year in May to $1,653, the highest it’s been since October 2022. 

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