National median rents for zero- to two-bedroom units in the 50 largest U.S. metros fell 1% year over year to $1,693, showing continued rent softening through 2025. Median rents remain over 17% higher than in 2019. Only five metros are affordable for two minimum-wage earners under a 30% rent-to-income ratio. Minimum wage increases in some metros next year will improve affordability, reducing required work hours to afford rent.
Continue to full article