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Pittsburgh Rents Rise Despite National Decline

Source: axios.com

Pittsburgh rental prices are increasing while most U.S. cities see falling rents.
Median rent in Pittsburgh climbed about 2-3% year-over-year, bucking the trend.
Limited new apartment construction keeps Pittsburgh's market tight and competitive.

Pittsburgh stands out as rents keep climbing in the metro area even as a national apartment building boom drives down prices across the U.S. This mismatch highlights how local supply shortages hit renters harder in places like Pittsburgh. It matters because higher costs squeeze budgets when wages aren't keeping up.