National rent prices are declining due to increased supply, allowing renters to move upmarket and freeing lower-priced units. However, Atlanta's rents rose 0.6% to 1%, with average rents at $1,610 for one-bedroom and $2,100 for two-bedroom apartments. Year-over-year, Atlanta rents are down 5.3% for one-bedroom and 2.8% for two-bedroom units. Regionally, housing costs rose 2.5%, contributing significantly to local inflation.