According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,739 (up $4) in June, 2024. Year-over-year growth was unchanged at 0.6%. Yardi says multifamily performance remained healthy in June, as strong demand is largely keeping up with rapid supply growth.
“The U.S. job engine keeps chugging along, and demand is boosted by the U.S. housing shortage, foreign immigration and the low number of home sales, which keeps in place some renters who would prefer to buy homes but cannot.”
Click here to read the full report at Yardi.
