Apartments.com: US apartment rents rise 0.2% in March, annual growth slows to 0.4%

Reuters04-01
Apartments.com: US apartment rents rise 0.2% in March, annual growth slows to 0.4%
  • Apartments.com reported U.S. average apartment rent rose 0.2% in March to $1,723.
  • Annual rent growth slowed to 0.4%, down from 0.5% in February.
  • Report flagged restrained early spring leasing momentum, with supply overhang continuing to cap pricing power.
  • Midwest led year-over-year gains at 1.9%, while South fell 1.3%.
  • San Francisco posted strongest annual metro growth at 6.3%, while Austin logged steepest decline at 4.8%.


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