Good news: Eye-popping apartment rents have barely budged in recent months

The cost to rent an apartment continues to rise — but not by as much as it did in the past.

The average rent for apartments in multifamily buildings only increased $1 between January and February to $1,364, according a new report from real-estate data company Yardi. On a year-over-year basis, rental prices were only 2.7% higher, making it the weakest seasonal gain since the housing market recovery began.

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