Monthly

With rent growth hitting new heights, Yardi Matrix's latest survey showcases improvement across all major U.S. metros.

The national average rent marked a $12 increase in May, to $1,428, the largest increase yet recorded by Yardi Matrix.

April marked the best rent performance since the beginning of the pandemic, according to Yardi Matrix’s monthly survey.

March marked a milestone for the U.S. multifamily market, with rents appreciating 0.6 percent year-over-year, according to Yardi Matrix’s monthly survey of 134 markets.

If current trends continue, February could be the last month to see a national decline, according to Yardi Matrix.

Still on a downward trend, year-over-year rent growth showed some positive signs, according to a Yardi Matrix survey of 130 markets.

Rents declined $4 to $1,462, marking the largest one-month decline since the beginning of the pandemic.

Despite rents declining 0.5 percent year-over-year, more than 100 secondary and tertiary markets are performing better than the national average.

Although there is still uncertainty due to the pandemic, the multifamily industry continues to hold up well with rents decreasing only 0.3 percent year-over-year.

According to a Yardi Matrix survey of 127 markets, rents have increased this month by $1 to $1,463.

Year-over-year rent growth remained negative nationally at -0.3 percent, unchanged from last month, according to a Yardi Matrix survey of 127 markets. 

Year-over-year growth turned negative for the first time since 2010, falling to -0.4 percent, according to a Yardi Matrix survey of 127 markets.