Rental Market News
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Rental Market Tracker: Rents Are Growing Half as Fast as They Were Six Months Ago
Rents rose 9% year over year in September—the first single-digit increase in a year and a marked slowdown from 18% growth in March. Inflation and
Rental Market Tracker: Asking Rents Climb 11% in August, the Smallest Gain in a Year
Rent growth is likely to keep slowing as rising interest rates continue to cool the economy.
Rental Market Tracker: Growth in U.S. Asking Rents Slows for Second-Straight Month
The 12% increase in July was the smallest since September of last year.
Rental Market Tracker: Asking Rents Rise 14% in June, the Smallest Increase Since October
Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.
Rental Market Tracker: Typical U.S. Asking Rent Surpassed $2,000 for First Time in May
Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin.
Rental Market Tracker: Growth in Asking Rents Slows for the 1st Time in a Year
Rents rose 15% year over year in April, down from March’s 17% increase. Still, Austin, Portland and South Florida saw rents surge more than 30%.
The Single-Family Rental Is On the Decline
A record 33% of U.S. rentals are in large multifamily buildings, while 31% are single-family homes—a record low. As recently as 2021, single-family homes made
Typical Retail Worker Earns $37,000 Less Than Needed to Afford Typical Apartment
The typical retail worker earns $34,000 per year, or 52% less than they would need to afford the typical apartment. Rental affordability has improved slightly
New Apartments Are Increasingly Likely to Get Snapped Up Quickly As Construction Slows
48% of apartments built in Q1 were rented within three months, up from 47% in Q4 2024 and 46% in Q3 2024. As the balance
U.S. Asking Rents Rise Most Since 2022 As Apartment Construction Slows
Asking rents climbed 3% in August as slowing supply and robust demand gave landlords more bargaining power; the number of new apartments hitting the market
U.S. Homeowner Population Stops Growing for First Time in Nearly a Decade
The number of homeowner households fell 0.1% year over year in the second quarter—a small decline, but the first since 2016. Meanwhile, the number of
Permits to Build U.S. Apartments Have Fallen 23% Since the Pandemic Construction Boom
Developers obtained permits to build 12.8 multifamily housing units for every 10,000 people in the U.S. over the past year—down from an average of 16.7
