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Analysis

Apartment Rent Payments at a Three-Year Low from April Through September

The results are likely an anomaly due to Hurricane Ida and Labor Day weekend.

By Erik Sherman | September 09, 2021 at 07:30 AM

For an industry focused on the end of the Biden administration eviction moratorium as well as federal unemployment support, apparent negative news about rent payments must jostle. Data from the National Multifamily Housing Council that showed the lowest April-to-September percentage of rent payments made since at least 2019 has to catch the eye in that context.

Early September saw only 72% of rent payments, down from 80.2% in August and 76.5% in July. The next lowest was September of 2020, which was 76.4%. Compare that to a high of 82.9% in April 2019.

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