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Most competitive rental markets for 2024

Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty ImagesThe apartment market is finally loosening up. At the same time, competition is heating up in some key markets.There is an enormous supply of new apartments coming online this year. And rents have fallen for six straight months, now at their lowest levels since March 2022, according to search site Apartment List.For a one-bedroom apartment nationally, the latest estimated median rent is $1,207; for a two-bedroom…