Another all-time high for multifamily rents
The average national apartment rental rate rose $7 in February to an all-time high of $1,175. Across the U.S., rents rose an average of 0.6% month-over-month and 5.9% year-over-year. The latest data is from Matrix Monthly, a market report compiled by Yardi® Matrix covering 111 markets. To see the full February report, click here. To learn more about Yardi Matrix, visit www.yardimatrix.com.