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National median rent falls to four-year low; January marks sixth consecutive monthly decline

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Published rent data show national median rent lower than in 2022, a sixth straight monthly decline in January, and a 6.2% decline from the cited prior peak.

Source summary
New data shows the national median rent fell to its lowest level since 2022, marking the sixth consecutive monthly decline and a 6.2% reduction from the articles cited peak. Local reports across many U.S. cities corroborate falling rents, and the White House credits the change to the Trump administrations housing policies aimed at increasing supply and cutting regulatory barriers. The article also links the trend to other economic shifts cited by the administration, including lower gas prices, falling mortgage rates, higher wages and larger tax refunds.
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Latest fact check

Could not access reliable, consistent raw data to compute the exact percent decline from Apartment List’s 2022 peak due to conflicting figures on the Apartment List page (it cites both 6.2% and 5.9%) and lack of an immediately accessible CSV on the site. Recommend rechecking Apartment List’s downloadable dataset or contacting their research team for the definitive monthly series; follow up on 2026-02-10.

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  1. Scheduled follow-up · Feb 10, 2026overdue
  2. Completion due · Feb 10, 2026
  3. Update · Feb 03, 2026, 12:14 PMTech Error
    Could not access reliable, consistent raw data to compute the exact percent decline from Apartment List’s 2022 peak due to conflicting figures on the Apartment List page (it cites both 6.2% and 5.9%) and lack of an immediately accessible CSV on the site. Recommend rechecking Apartment List’s downloadable dataset or contacting their research team for the definitive monthly series; follow up on 2026-02-10.
  4. Update · Feb 03, 2026, 11:40 AMTrue
    Apartment List's January 28, 2026 National Rent Report shows the national median rent fell 0.2% in January to $1,353, marking the sixth consecutive monthly decline and the lowest January median since 2022; the report states the national median has fallen about 6.2% from its mid‑2022 peak. CNBC’s January 29, 2026 coverage of the Apartment List data repeats these figures. Verdict: True — the primary source (Apartment List) and independent reporting corroborate that rents posted a sixth straight monthly decline in January, were at their lowest level since 2022, and are roughly 6.2% below the 2022 peak.
  5. Original article · Feb 02, 2026
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