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Sorry, renters: Annual U.S. rents climbed again in June — especially in certain major cities — after recently falling for the first time in years.

But thankfully, it’s not all bad news.

New data from online apartment marketplace Rent.com shows that although prices rose slightly last month, they’re still lower than summer 2022, when surging year-over-year growth hit its peak. Overall, rents are also rising slower than usual for this time of year, giving renters reason to feel good about the market's outlook for the rest of 2023.