Rent Growth
U.S. monthly rents were flat in September, remaining at $1,354, yet they continue to decelerate on a year-over-year basis. Rents were up 2.2% nationwide in September, a 10-basis-point decline from August. After a strong first half, in which average rents grew by $33, they experienced a summer slowdown, increasing by only $1 in the third quarter.
Year-over-year, all asset classes
National average includes 121 markets tracked by Matrix, not just the 30 metros listed above.
Source: Yardi Matrix September 2017 Monthly Report
