According to Apartment List’s National Rent Report for December 2025, national median rent dropped 1% in November to $1,367 – the fourth consecutive month-over-month decline. They say all of their key indicators are pointing toward ongoing sluggishness in the multifamily rental market – rent prices are down and the vacancy rate is at an all-time high. In addition, they added that it’s likely 2025 will close out with an additional modest rent decline in December.
Click here to read the full report at Apartment List.
