YARDI: National Average Rent Rises $10 in April, 1.6% Year over Year

April marks the highest overall monthly rent increase since June 2015 and the strongest year over year (YOY) rent growth since the start of the pandemic.

Multifamily rents rose by 1.6% year over year in April, according to Yardi Matrix’s latest Multifamily National Report—the largest YOY rent growth the market has seen since the start of the COVID-19 pandemic. On a month-to-month basis, overall rents rose by $10 to $1,417 in April, marking the sharpest overall rent increase since June 2015… Read more.