Forecast Calls for “Lackluster” Growth in Apartment Rents Through Year-End

Forecast Calls for “Lackluster” Growth in Apartment Rents Through Year-End
News| September 16, 2025| Paul Bubny
Apartment Buildings

Multifamily rents changed little in August due to seasonality and rising uncertainty about consumers’ financial health, Yardi Matrix reported. The average U.S. advertised rent fell $1 to $1,755 in August as year-over-year growth fell 10 basis points to 0.7%.

“Rent growth is expected to remain lackluster through year-end,” according to the latest Yardi Matrix National Multifamily Report. “Momentum is slowing across most metros, as only a few markets recorded more than 3% year-over-year growth. This deceleration is driven by supply rather than demand, as elevated deliveries have created a highly competitive leasing environment amid record absorption.

“However, supply pressures are beginning to ease, with most metros past their peak supply and new starts declining sharply due to the cost of construction and tighter financing,” the report stated.

Although demand has remained strong through mid-year, “operators are concerned that it will
soften through the second half of the year. Consumer budgets are tightening due to rising costs
and the softening job market.”

Other News

Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion

Boston & New England + Apartment Buildings

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...

Learn more

MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage

Boston & New England + Apartment Buildings

The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...

Learn more

Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla

Seattle & Northwest + Apartment Buildings

Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...

Learn more
New call-to-action

Brokers

View All

Lenders

View All