Coronavirus Causes Biggest Annual Rent Growth Slowdown in at Least Five Years

The Coronavirus caused rents to fall in 16 major markets across the U.S., according to Zillow, and the biggest rent slowdown since 2014 with rents up year over year 2.9%. Seattle rents were up 4.7% year over year in April and Portland metro rents were up 2.3%, according to the report.