{"id":10205,"date":"2026-03-20T00:21:00","date_gmt":"2026-03-20T00:21:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10205"},"modified":"2026-04-07T12:28:24","modified_gmt":"2026-04-07T12:28:24","slug":"national-multifamily-market-report-february-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report-february-2026\/","title":{"rendered":"National Multifamily Market Report – February 2026"},"content":{"rendered":"\n

Read the latest Yardi Matrix National Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n\n

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A typical February continues the multifamily sector\u2019s stagnation trend.<\/em><\/p>\n\n\n\n

Highlights:<\/h2>\n\n\n\n
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  • The average U.S. advertised asking rent ticked up 0.1% year-over-year to $1,740 in February.<\/li>\n\n\n\n
  • Short-term gains were null across the nation, with less than one-third of Matrix\u2019s top 30 registering any monthly rent increases.<\/li>\n\n\n\n
  • The U.S. population grew by 1.8 million between July 2024 and July 2025, making it the weakest performance in half a decade.<\/li>\n\n\n\n
  • SFR-BTR average advertised rents inched down 0.4% year-over-year to $2,191 in February.<\/li>\n<\/ul>\n\n\n\n

    Similar rental results for 18 consecutive months<\/h2>\n\n\n\n

    The national multifamily average advertised asking rent stagnated, settling at $1,740 in February, unmoved month-over-month, but up 0.1 percent on an annual basis. Average rents have shifted little during the past 18 months. Primary and Midwest metros were ahead of the curve with the highest annual rent growth, including New York (4.2%), San Francisco (3.6%), Chicago (3.5%), the Twin Cities (2.3%) and Kansas City (2.0%). Supply-burdened markets such as Austin (-5.2%), Phoenix (-3.6%), Denver and Tampa (-3.2% each), as well as Charlotte (-1.9%) continued experienced rental rate decline.<\/p>\n\n\n\n