Matrix Multifamily Cleveland Report-April 2026 April 22, 2026

Cleveland outperforms on rent growth

Advertised asking rents across the metro were up 0.2 percent on a T3 basis, even as growth on a national level remained negative. More strikingly, Cleveland rents climbed 2.8 percent YoY, while the U.S. average inched up 0.1 percent. The metro's occupancy rate was 20 bps above the U.S. average at 94.5 percent.