Yardi Matrix Says Multifamily Rent Growth is Weak

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,753 (up $4) in July, 2024.  Year-over-year growth was unchanged at 0.8%.  Yardi says multifamily growth is weak, but there is some strength.  Indeed…

“Multifamily rent growth is weak nationally compared to long-term levels, but the market is exhibiting strength in many ways. Advertised rents were up only 0.8% year-over-year through July, but growth remained consistent through the beginning of the summer.”

Click here to read the full report at Yardi.