Rental Market News
All Reports
Rental Market Tracker: Asking Rents Climbed 17% to a Record High in March
Rising monthly mortgage payments—up 34% from a year ago, due largely to rising interest rates–are pricing more people out of the homebuying market, which could lead to even more increases in rents.
Rental Market Tracker: Asking Rents Increased 40% Year Over Year in Austin
Nationally, asking rents were up 15% in February, while homebuyer mortgage payments increased twice as fast.
Rental Market Tracker: Asking Rents Rose a Record 15% in January
Portland and Austin saw the largest increases, with rents surging more than 30% year over year.
Rental Market Tracker: Rents Rise 14% in December—Biggest Jump in Over Two Years
The biggest increase was in Austin, where rents surged 40% from a year earlier.
Rental Market Tracker: Rents Jumped 7% in a Month, Up 21% From 2020
Increase in rents outpaced the increase in the monthly cost of buying a home.
Rental Market Tracker: Rents Up 13%, Outpaced by 17% Growth in Monthly Mortgage Payments
However, a handful of cities across the country saw rents rise more than 30% from a year earlier, including Miami, Seattle, Portland, OR and Austin.
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
