The average multifamily Rent in the U.S. rose $4 to $1,371 in March, a 2.5 percent year-over-year increase, according to a survey of 121 markets by Yardi Matrix. This uptick was the first increase since summer 2017, as rents had not moved more than $1 in either direction since July.
The next few months will be telling, however, as rent growth in the first quarter was weak compared to the first quarter of recent years.
National average Occupancy Rates remained mostly stable at about 95.2 percent.
READ MORE
