According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,710 in January, 2024 – basically unchanged from December. However, Yardi says ongoing strong demand is keeping U.S. multifamily rents steady, even as supply growth exerts downward pressure.
“Multifamily rents nationally have leveled off as a strong delivery pipeline has counteracted ongoing strong demand. The impact of supply growth on rents, the slowdown in starts as construction debt costs rise, and the need for more deliveries to alleviate the nation’s housing shortage are key topics in the industry.”
Click here to read the full report at Yardi.
