The data continues to show significant regional variation, but the days of plummeting rents in pricey coastal markets appear to be coming to an end, as many of these cities experience positive month-over-month growth for the first time since the start of the pandemic. At the other end of the spectrum, many of the mid-sized markets that have seen rents grow rapidly through the pandemic are continuing to boom.
For more analysis of the newest monthly data, check out the full March Apartment List Rent Report.
Here are some of this month's highlights:
Rents in Tucson increased 0.5% month-over-month, and are up by 7.4% year-over-year, the #9 fastest increase among the nation's 100 largest cities.
For comparison, year-over-year rent growth in Tucson was 5.9% at this time last year.
Median rents in Tucson currently stand at $830 for a 1-bedroom apartment and $1109 for a two-bedroom.