Skip to content
Subscriber Only

U.S. Apartment Rents Climb at Faster Pace as Demand Rises

Apartment rents in the U.S. grew at a quicker pace in the second quarter as tenant demand rose faster than the growing supply of multifamily properties.

Rents after any discounts such as a free month climbed 3.4 percent to an average of $1,099 a month from $1,064 a year earlier, New York-based property-research firm Reis Inc. said in its quarterly report. Effective rents had gained 3.2 percent in the first quarter.