The average cost of rent in the US has dropped below $2,000 for the first time in five months. According to latest October data from housing site , the national median price of renting a home is now $1,978 a month - down 0.29 percent year-on-year.This is the lowest price since April, when the typical cost of rent was $1,967 - before it rose slightly to $1,995 in May, and then hit a 2023 peak in August of $2,052.
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