According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,722 in September, 2023. Yardi says the market remains robust overall thanks to strong job growth & household formation, despite challenges that include rising energy costs and higher interest rates.
“The question now is whether the monthly drop signals more bad news for multifamily. The industry faces headwinds, including a slowing economy…”
Click here to read the full report at Yardi.
