This March apartment rents went up by one-quarter of 1% on a month-over-month basis, according to Yardi Matrix, which is more than double the increase from January to February and a much bigger escalation than what has occurred to date in 2023.

That is typical for the spring and early summer months, Yardi Matrix says, but in other ways asking rents are behaving a bit differently this season, the firm says. 

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