September 23, 2026

Matrix Multifamily Twin Cities Report – September 2026

The Twin Cities’ stability

The average advertised asking rent in the Twin Cities rose 0.2 percent on a T3 basis through July to $1,646, matching the national growth rate, while YoY the metro outperformed the U.S. average by a wide margin, supported by limited new supply and stronger rent growth across the suburbs. 

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