Among the ten metros with sharpest year-over-year rent declines, many also rank among the highest in terms of multifamily permitting activity (e.g. Raleigh, [San Antonio](https://www.apartmentlist.com/tx/san-antonio#rent-report), Jacksonville, [Phoenix](https://www.apartmentlist.com/az/phoenix#rent-report)). Notably all of these markets are located in the Sun Belt. [Read the Report](https://www.apartmentlist.com/research/national-rent-data) ![]()