US Multifamily Rent Growth Shows Early Signs of Stabilization

After more than a year of deceleration, multifamily rent growth in the US may be turning a corner. According to an analysis of the Zillow Observed Rent Index (ZORI) cited by Chandan Economics, national apartment rents were up 1.2% year-over-year in May 2026, an uptick from 1.0% in April. While this level is muted compared to the highs of the pandemic boom, it’s the first clear signal of strengthening since late 2024. Read on to learn more: Link

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