Apartment rents might have peaked last month, given data released last week by Apartments.com in its April 2022 report.
Perhaps more indicative is the number of formerly high-flying rental markets experiencing notable decelerations in rent growth as the month closed, the apartment listing firm said.
The number of markets witnessing rent growth above 20% has declined from eight at the end of 2021 to just four in April, indicating a tempering of rent growth.
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