Matrix Multifamily St Louis Report-October 2024 October 24, 2024

Rents Up, Occupancy Down in St. Louis

St. Louis advertised asking rents rose 3.8 percent YoY through August to $1,275, well above the 0.8 percent national rate. However, the metro’s occupancy dropped 80 basis points YoY in July to 93.5 percent.