According to the latest Yardi Matrix Multifamily Report, multifamily rents posted gains in July, 2025 with the average U.S. advertised rent increasing $2 to $1,754. Year-over-year rent growth was 0.7%. Yardi says multifamily rents due to robust demand, however elevated levels of lease-up inventory continue to restrain growth.
“…rent growth has been restrained, largely due to the substantial number of units still under construction or in pre-lease. As of July, approximately 1 million units were under construction, about half of which are in the pre-lease phase.”
Click here to read the full report at Yardi.
