A new report explains why rent is getting cheaper in some cities—but not yours

Many renters will continue to see more affordable rentals on the market through 2026, though that depends entirely on where you live—and whether a lot of construction is happening nearby. Across the 50 largest U.S. metro areas, the median asking rent fell 1.5% in June to $1,692, marking nearly three straight years of declines, according to a report released Tuesday by Realtor.com. Rent relief has followed an increase in supply, as builders spent years playing catch-up after the pandemic rent…