Recent data from Zumper shows that suburban and rural rents grew 5 to 7 percent more than urban rents over the last year. However, some secondary cities that thrived during the pandemic are now starting to see rent declines
Between February and June, annual rent growth slowed 2 percentage points in urban areas while slowing by just 1.4 percentage points in suburban areas, according to a Zillow study
Why are renters leaving the bustling urban areas? Two words: lower rent