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Rents nationwide and in the Philly region are still rising, but not as much

There's some light at the end of the tunnel for renters looking for a new home later this year.

Signs for homes for rent in May 2021 in North Philadelphia. Median rent in the Philadelphia metropolitan area in May was $1,800 — about 7.5% higher than in May 2021.
Signs for homes for rent in May 2021 in North Philadelphia. Median rent in the Philadelphia metropolitan area in May was $1,800 — about 7.5% higher than in May 2021.Read moreTOM GRALISH / Staff Photographer