The apartment rental market is softening across market segments, from market-rate to affordable housing, and student housing is no exception. New research from Zillow shows that apartment rents in college submarkets are down .5% year-over-year as of August, the first time that college area rents have decreased since 2017, which was the first year that Zillow began collecting data. In addition, there is now a 3.4% gap between college area rents and non-college area rents, the steepest decline in compared to market-rate areas rents since 2017.

Read more: https://bit.ly/2HcreTs