SEATTLE, September 26, 2024--(NASDAQ: RDFN) — Asking rents for newly constructed apartments fell to $1,746 in the second quarter, down 6.2% from a year earlier to the lowest level in more than ...

The average apartment rent dropped from $1,870 in the third quarter to $1,838 in the fourth quarter, a decline of $32 or 1.7%, the largest quarterly drop in records going back four decades.