U.S. Apartment Rents Post Eighth Consecutive Month of Growth

U.S. Apartment Rents Post Eighth Consecutive Month of Growth
News| July 29, 2026| Paul Bubny
Apartment Buildings

U.S. apartment rents were essentially flat in July, with the national average rising +0.03% to $1,747 from June’s upwardly revised level of $1,746, CoStar Group’s Apartments.com reported Wednesday. This marks the eighth consecutive month of positive rent increases following a period of flat to declining monthly performance in the second half of 2025. On an annual basis, rent growth accelerated to +1.0% in July 2026 from the upwardly revised +0.9% in June and was slightly down from the +1.1% reading recorded one year earlier.

June 2026 was initially reported as a +0.1% month-over-month increase and has been revised upward to +0.2%.

Although apartment rent growth typically slows as the market moves further into the summer leasing season, gains in July were particularly subdued. “Following modest rent increases during the spring, the +0.03% increase recorded in July represents a notable slowdown in monthly pricing momentum,” according to Apartments.com. “While annual rent growth continues to improve gradually, elevated supply levels continue to restrain pricing momentum nationally.”

Where the apartment industry connects. Meet the owners, investors, developers, lenders, brokers, and service providers driving today’s multifamily market at Connect Apartments. Build relationships, uncover opportunities, and stay ahead of what’s next.

Other News

Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets

California & West + Apartment Buildings

 Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...

Learn more

Associated Bank Completes $17M Loan for Libertyville Apartment Acquisition

Chicago & Midwest + Apartment Buildings

Associated Bank announced the completion of a $16.5 million loan towards the $22 million total acquisition price of Eleven5 Lake Apartments at 115 Lake Street in Libertyville, Illinois. The property is a stabilized mixed-use property with 34 apartment units with 41 dedicated apartment parking spaces, and 25,147 square feet of ground-floor commercial space. The apartments...

Learn more

NYC Investment Sales Top $23 Billion in First Three Quarters of 2026

New York & Tri-State + Apartment Buildings

New York City investment sales reached $23.69 billion across 1,914 transactions in the first three quarters of 2026, up 9.1% and 7.9%, respectively, from a year earlier, Ariel Property Advisors reported. The year’s first half was especially strong, with dollar volume up 36% in Q1 and 31% in Q2, year-over-year. However, dollar volume in Q3...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up