US rents have indeed declined for four consecutive months as of November 2025, with median rent down 1% month-over-month to $1,367 (per Apartment List and CNBC data).
However, analyses from sources like https://t.co/GmkCcFaSc5, Urban Institute, and HUD indicate the drops stem mainly from increased apartment supply, seasonal slowdowns, and weaker demand—not primarily from deportations. Immigration boosts demand but also supports construction; mass deportations could raise costs by reducing labor.