Rent Growth

Overall U.S. rent growth ticked upward in January, increasing 2.8% year-over-year, compared to 2.6% growth in the month-earlier period.

Year-over-year, all asset classes

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National average includes 121 markets tracked by Matrix, not just the 30 metros listed above.
Source: Yardi Matrix January 2018 Monthly Report

On a year-over-year basis, multifamily rents have gone up 2.8 percent through January, which represents an increase of 20 basis points from last month. Despite this, the average rent only went up by $1 to $1,362, the same level it reached in July 2017. This could be due to the fact that rent growth tends to be flat throughout the winter months, but according to Yardi Matrix’s monthly report, rent growth is forecasted to remain in the range of 2.5 percent.

—Posted on Feb. 21, 2018


Year-over-year, all asset classes

National average includes 121 markets tracked by Matrix, not just the 30 metros listed above. Source: Yardi Matrix December 2017 Monthly Report
National average includes 121 markets tracked by Matrix, not just the 30 metros listed above.
Source: Yardi Matrix December 2017 Monthly Report

Showing the smallest annual increase since 2010, U.S. multifamily rents did not change in December, according to Yardi Matrix’s monthly survey of 121 markets. Rents remain at $1,359, a $4 drop from the highest rate achieved in September of $1,363. Over the past seven year, rents have grown by a minimum 3.3 percent annually, hitting its highest 5.4 percent in 2015, but ended 2017 with a 2.5 percent increase.

—Posted on Jan. 30, 2018