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U.S. apartment rents barely rose in July, averaging $1,747

July’s national average rent increased just 0.03% month over month to $1,747, while annual rent growth edged up to 1.0% as elevated supply weighed on pricing momentum.

Reported · Written up by our desk · Residential

U.S. apartment rents were essentially flat in July, with the national average rising 0.03% to $1,747 from a June level of $1,746 that was revised upward, according to CoStar Group’s Apartments.com.

The reading marked the eighth consecutive month of positive rent increases after a stretch of flat to declining monthly performance in the second half of 2025.

On an annual basis, rent growth accelerated to 1.0% in July from a revised 0.9% in June, though it was slightly below the 1.1% pace seen one year earlier.

Apartments.com said July’s gain was notably subdued because rent growth typically slows further into the summer leasing season, and it pointed to elevated supply levels as a restraint on national pricing momentum.

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