Apartment rents are growing more slowly than they did in 2021, but at a pace faster than the years immediately preceding the pandemic, according to the latest national rent report by Apartment List.
Year-over-year rent growth currently stands at a "staggering" 15.3 percent, according to the report, but is down from the 17.8 percent peak it showed at the start of the year.
In May, rents rose 1.2 percent—the largest monthly increase of the year—and through May they are up 3.9 percent. That lags last summer's scorching pace, but it's ahead of the pre-pandemic norm. Five months into 2021, rents rose 6.1 percent.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
