US Rent Inflation Eases to 2.75% in August

US rent inflation fell to 2.75% in August 2026, from 2.86% in July, according to the Federal Reserve Bank of St. Louis. The rate has declined from 3.49% a year earlier, though it remains well above the series low of -0.06% recorded in May 2010. The all-time high was 8.81% in March 2023. The latest reading marks the second consecutive monthly decrease after a slight uptick in July, with the index having trended lower since peaking in early 2026. The data, sourced from the Federal Reserve Bank of St. Louis, shows the measure has stayed within a narrow range over the past several months, fluctuating between 2.56% and 2.92% since March 2026.