Skyline of Midland, TX Midland, TX’s year-over-year apartment rent growth was only slightly behind that of its neighboring city in the Petroplex, Odessa.

SANTA BARBARA, CA—There are two ways to look at one of the twin pillars of multifamily fundamentals (the other, of course, is occupancy), and both are correct. One way to view rent growth is that it’s occurring at a slower pace these days than we saw in 2015 and 2016. Another is that it continues to occur in the vast majority of cities, and at a healthy clip.