Apartments.com: US apartment rents slip 0.03% in August, ending eight-month rise
CSGP•Major metros mostly see declines
Major metros saw broader declines, with only 12 of the top 50 posting increases. Orlando fell 0.7%.
Year-on-year leaders included San Francisco, up 11.9%. Supply-heavy markets stayed under pressure, with San Antonio down 2.2%.
Regional rent performance diverges
Pacific rents rose 0.1% on the month, while the South fell 0.2%, reflecting widening regional divergence tied to local construction pipelines.
US apartment rents edge lower in August
CoStar’s Apartments.com report showed U.S. apartment rents slipped 0.03% in August to $1,751, ending eight straight monthly gains.
Annual rent growth accelerated to 1.3% from a revised 1.1% in July, despite elevated new supply limiting pricing power.
