Multifamily Rents Rise For Second Consecutive Month
Date postedMay 17, 2023
Multifamily rents increased for a second straight month in April, despite economic headwinds. According to the latest Yardi Matrix Multifamily Report, U.S. asking rents saw a $5 increase last month to $1,709, while year-over-year growth decelerated to 3.2% nationally, 80 basis points less than March. The latest report shows that solid demand has kept rents rising this year; however, it’s been at a slower rate than previous years.