Matrix Multifamily National Report-April 2022 May 11, 2022

Multifamily Rent Growth Slow to Decelerate

Weakening U.S. economic growth has not stopped multifamily rents in their upward climb, as average asking rents rose $15 in April to an all-time high. The rate of growth remains elevated due to strong demand and a long-term shortage of housing that analysts estimate is between 2 million and 5 million units.