The places where rent is falling the quickest in 2025

In 2025, rents are falling sharply across many U.S. markets due to new apartment construction and pro-housing reforms. Sarasota leads with a 42.7% drop, followed by Providence (19.2%), Minneapolis (11.1%), and Austin (8.8%). Smaller cities like Athens and Sunbury also see declines. Nationally, rents decreased about 0.8%, driven by increased supply and higher vacancy rates, easing affordability pressures.