According to the latest Yardi Matrix Multifamily Report, multifamily rents posted gains in May, 2025 with the average U.S. advertised rent increasing $6 to $1,761. Year-over-year rent growth was 1%. Yardi says the fundamentals remain healthy:
“Uncertainty in the economy and financial markets has so far created minimal impact on multifamily fundamentals, which remained healthy in May….Occupancy rates are
slipping in some metros due to the heavy supply pipeline, but the drop is slow, as demand remains strong in high-supply metros.”
