Home›Real Estate›Residential›U.S. apartment rents rise slightly in July, after eigh…

U.S. apartment rents rise slightly in July, after eight months of gains

The national average increased just 0.03% to $1,747, while annual rent growth accelerated to 1.0% amid elevated supply levels.

Reported · Written up by our desk · Residential

U.S. apartment rents were essentially flat in July, rising only 0.03% to a national average of $1,747 compared with June’s upwardly revised level of $1,746, according to CoStar Group’s Apartments.com, reported by ConnectCRE.

The latest reading marks 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 quickened to 1.0% in July from 0.9% in June, and it eased slightly from the 1.1% pace recorded one year earlier.

ConnectCRE said gains were subdued despite the usual summer leasing-season slowdown, citing a 0.03% July increase as a notable deceleration, with elevated supply levels continuing to restrain pricing momentum nationally.

More like this

Sources