According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,709 in April. Yardi says year-over-year growth again continued its downward slide, and is now 3.2% nationally, down 80 basis points from March. yardi says solid demand has kept multifamily rents rising in 2023, but at a slower rate than previous years.
“Demand is boosted by the tight job market and strong consumer balance sheets, although the question is how much longer those conditions will persist.”
Click here to read the full report at Yardi.
