According to the latest Yardi Matrix Multifamily Report, multifamily rents posted gains in September, 2025 with the average U.S. advertised rent dropping $6 to $1,750 and year-over-year rent growth falling to 0.6%. Yardi says demand and economic growth are starting to show signs of cooling.
“The poor performance comes as demand shows signs of weakening while high supply markets have a glut of properties in the lease-up phase. Rents remain close to all-time highs, so while it is too soon to say September is the start of a trend, the drop could signal emerging market softness”
Click here to read the full report at Yardi.