Rent Growth
Rents were up 2.0% nationwide in April, down 50 basis points from March and well below the 5.5% growth rate of a year ago. The 2.0% year-over-year increase is the lowest it’s been since April 2011, when rents were up only 1.5%.
Year-over-year, all asset classes
National average includes 121 markets tracked by Matrix, not just the 31 metros listed above.
Source: Yardi Matrix April 2017 Monthly Report
