{"id":34303,"date":"2022-10-07T10:08:58","date_gmt":"2022-10-07T17:08:58","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=34303"},"modified":"2026-02-22T15:26:51","modified_gmt":"2026-02-22T23:26:51","slug":"stalled-rents","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/stalled-rents\/","title":{"rendered":"Stalled Rents"},"content":{"rendered":"\n

\u201cKey fundamentals remain strong\u201d in the U.S. multifamily amid a flattening of average asking rents in September, according to a new national multifamily report<\/strong><\/a> from Yardi\u00ae Matrix. The $1,718 rate, unchanged from August, reflects the impact of the economic slowdown and Fed interest rate hikes.<\/p>\n\n\n

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Year-over-year rent growth slid more than a full percentage point for the third month in a row, bringing it below 10% for the first time since July 2021.<\/p>\n\n\n\n

National asking rents remain at record highs and occupancy rates holding steady at around 96% since June 2021, although \u201cthe market may be coming to an end of its extraordinary run of rent growth,\u201d the report says.<\/p>\n\n\n\n

Average national asking rents in the single-family rental segment fell by $7 to $2,081 in September, the second consecutive month of decline, while year-over-year growth fell 170 basis points to 7.8%. The sector\u2019s outlook remains robust, the report says, because many prospective homebuyers who are priced out of the market turn to single-family rentals.<\/p>\n\n\n\n

Read the full report<\/strong><\/a> for insight into the impact of supply, demand, demographics, employment, migration and more on the multifamily market. The September report includes two new features \u2013 lease renewal percentages and renewal rent growth, and rent-to-income ratios \u2013 that will be included in future monthly reports.<\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cKey fundamentals remain strong\u201d in the U.S. multifamily amid a flattening of average asking rents in September, according to a new national multifamily report from Yardi\u00ae Matrix. The $1,718 rate, unchanged from August, reflects the impact of the economic slowdown and Fed interest rate hikes. Year-over-year rent growth slid more than a full percentage point […]<\/p>\n","protected":false},"author":610,"featured_media":34304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791],"tags":[29,1169],"class_list":["post-34303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","tag-multifamily","tag-yardi-matrix"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"\u201cKey fundamentals remain strong\u201d in the U.S. multifamily amid a flattening of average asking rents in September, according to a new national multifamily\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/stalled-rents\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stalled Rents\" \/>\n<meta property=\"og:description\" content=\"\u201cKey fundamentals remain strong\u201d in the U.S. multifamily amid a flattening of average asking rents in September, according to a new national multifamily\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/stalled-rents\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-07T17:08:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:26:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/MF-Sept.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"825\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Joel Nelson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joel Nelson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/stalled-rents\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/stalled-rents\/\",\"name\":\"Stalled Rents - 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