Rent growth has slowed to levels not seen since 2020, giving renters actual breathing room on housing costs for the first time in years. The slowdown means renters are saving roughly $2,300 annually compared to peak inflation years, though this is uneven across markets — expensive cities like New York are still seeing high prices while Texas metros are leading on affordability. What the post doesn't mention: while rent growth is cooling, actual rent levels remain elevated in most major markets, so "relief" is relative to the brutal pace of recent years rather than a return to pre-2021 pricing.