Sacramento skyline Sacramento posted the month’s fastest month-over-month rent increases. (Photo by Tom Myers)

SANTA BARBARA, CA—The moderation in apartment rent growth that some industry observers are expecting for this year hasn’t happened so far in 2016, says Yardi Matrix. April rents nationally rose $13, or 1.1% month over month, to $1,194, the fourth consecutive all-time high, according to the firm’s Matrix Monthly report based on a survey of 115 markets.