Matrix (Absorption)

year-over-year rent growth chart June 2024

National Multifamily Report – June 2024

Advertised rents gained $4 to $1,739 in June, up 0.6 percent year-over-year and 1.5 percent year-to-date.

Year-over-year multifamily rent growth, all asset classes (May 2024)

National Multifamily Report – May 2024

The average year-over-year asking rent marked the fourth consecutive month of increases.

Matrix Monthly YOY Chart

National Multifamily Report – April 2024

After posting a solid gain, the average year-over-year rent neared last summer’s all-time high. Read the report.

National Multifamily Report – February 2024

The average U.S. asking rent gained $1 to $1,713 in February, for a 0.6 percent YoY increase. Read the report.

National Multifamily Report – January 2024

The average multifamily asking rent was $1,710 in January, up 0.5 percent year-over-year.

Year-over-year multifamily rent growth, all asset classes.

National Multifamily Report – December 2023

In December, asking rents declined for the fifth month in a row, according to Yardi Matrix.

National Multifamily Report – November 2023

Year-over-year rent growth remained unchanged at 0.4 percent, according to Yardi Matrix.

National Multifamily Report – October 2023

Rent growth softened to 0.4 percent year-over-year, according to Yardi Matrix.

Year-over-year multifamily rent growth, all asset classes. Chart courtesy of Yardi Matrix

National Multifamily Report – September 2023

Multifamily rent growth fell to 0.8 percent year-over-year, according to Yardi Matrix.

National Multifamily Report – August 2023

Rents rose 1.5% year-over-year, according to Yardi Matrix.