Pipeline adds to apartment Influx from early 2020s that is still being absorbed
SANTA BARBARA, CALIF., Feb. 6, 2026 – Yardi® Matrix projects that U.S. multifamily advertised asking rents will grow by an average of 0.5% in 2026, 1% in 2027 and 2.3% in 2028.
The forecast stems from the large pipeline of properties in major Sun Belt markets that are still struggling to absorb apartment deliveries driven by pandemic-driven demographic shifts. On the other hand, markets such as Youngstown, Ohio, and Albany, N.Y., have seen significantly better growth than their historical averages.
Meanwhile, economic pressures might make it “difficult to achieve gains in overall advertised rents in the people renting workforce apartments don’t have steadily increasing incomes,” according to Yardi Matrix.
More information about the impact of supply, the labor market, inflation and other factors on U.S. multifamily rents is available in the Yardi Matrix Special Report for January 2026.
Yardi Matrix offers the industry’s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, single-family rentals/ build to rent, affordable housing, student housing, self storage, office, industrial, retail and vacant land property types. Email [email protected], call (480) 663-1149 or visit yardimatrix.com to learn more.
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