Pandemic’s Record Apartment Rent Growth Eases

Rents grew at a record pace during the pandemic but have slowed and even dipped in most markets to the point that they’re about the price they’d normally be given the typical yearly increases. “Examining multifamily rents on an absolute basis shows the average national asking multifamily rent is just $65 a month higher these days than it would have been had the growth rate for apartment rents remained similar to the five-year pre-pandemic rate,” according to this article. And at the lower end of the market, rents are up only slightly in some markets and lower in others.

Source: https://www.orionprop.com/topfive/pandemics-record-apartment-rent-growth-eases/