Matrix Multifamily National Report-September 2021 October 06, 2021

Another Record Month for Multifamily Rents

Multifamily asking rents continue to soar. Average U.S. asking rents rose $16 in September to an all-time high of $1,558 and are up a record 11.4% year-over-year. However, there are signs of deceleration, as September’s rent growth was the smallest recorded since the surge began in February.