In all but a few of the most expensive cities in the USA, median rents on one- and two-bedroom apartments have fallen, sometimes quite sharply (for example, in NYC median asking rents on a one bedroom are down to $2940, a 12.8%/$430 decline from their peak in March 2016; while in Honolulu, rents are down 21.6% from their peak in Mar 2015, down to $1670 from $2130).
The glaring exception is San Francisco, which hit an all-time high in June: $3720 asked for the median one-bedroom (but even in...
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