Apartment Occupancy Holds Steady but One Metric Slows Across Major US Markets

Apartment occupancy holds steady but one metric slows across major US markets

Some Southern cities are experiencing unexpected rent decreases while a West Coast metro is seeing some of the highest rent hikes in the nation.

Where rent increased most

SmartAsset ranked 100 of the largest U.S. cities based on the percentage change in average rent prices between February 2024 and February 2025.

Yardi Says Multifamily Demand Stays Firm - Real Estate Investing Today

According to the latest Yardi Matrix Multifamily Report, multifamily rents posted gains in May, 2025 with the average U.S. advertised rent increasing $6 to $1,761. Year-over-year rent growth was 1%. Yardi says the fundamentals remain healthy: “Uncertainty in the economy and financial markets has so far created minimal impact on multifamily fundamentals, which remained healthy