With consistent investment, the Triangle\u2019s economy remained robust in 2022<\/strong><\/a>, keeping the metro\u2019s multifamily market up and running. Year-over-year, rents were up 7.0%, 80 basis points above the national rate. However, the metro was not immune to the overall economic slowdown that became increasingly apparent as the year went on. In the last quarter, rents in Raleigh-Durham contracted by 0.4% to an average of $1,618, while U.S. figures also contracted by 0.2%, to $1,715.<\/p>\n