SAN ANTONIO – If you’ve been searching for an apartment recently, you may have noticed changes in rental pricing. That’s because experts say rent has been declining across the country.
According to a report from Realtor.com, the median asking rent across the nation’s 50 largest metropolitan areas have now declined year-over-year for 32 consecutive months. In March, the national median asking rent fell $25, or 1.5%, compared to a year ago. It now sits at $1,699 for a studio, one-bedroom and two-bedroom apartment.
In Texas, rent prices generally remain below the national average at $1,238 per month. However, costs still vary widely depending on the city and local demand. For renters in San Antonio, the median average is up to $1,200 for a standard one-bedroom apartment…