{"id":6495,"date":"2026-05-12T08:43:50","date_gmt":"2026-05-12T08:43:50","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6495"},"modified":"2026-05-12T08:43:51","modified_gmt":"2026-05-12T08:43:51","slug":"national-multifamily-market-report","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report\/","title":{"rendered":"National Multifamily Market Report \u2013 April 2026"},"content":{"rendered":"\n

Sluggish seasonal bump leaves advertised rents in the red.<\/em><\/em><\/p>\n\n\n\n

Highlights:<\/h2>\n\n\n\n
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  • The average U.S. advertised asking rent clocked in at $1,758 in April, down 0.2% year-over-year.<\/li>\n\n\n\n
  • Conversely, advertised asking rents were up 0.2% month-over-year, with more than two-thirds of Matrix\u2019s top 30 markets experiencing growth.<\/li>\n\n\n\n
  • Rates were up 0.4 percent during 2026\u2019s first four months, substantially below historical norms.<\/li>\n\n\n\n
  • SFR-BTR average advertised rents decreased 0.5% year-over-year to $2,211 in April.<\/li>\n<\/ul>\n\n\n\n

    Late spring catches multifamily rates in the negative<\/h2>\n\n\n\n

    The national multifamily average advertised asking rent increased $4 in April to $1,758, a figure 0.2% lower than the one registered one year ago, but also 0.2% higher than the March reading. This year\u2019s seasonal gain was just 0.4% during 2026\u2019s first four months, about one-third of the average growth recorded during the same period of 2012 and 2019. Gateway and Midwest metros had the largest year-over-year rent increase, with New York leading the way (4.8%), followed by San Francisco (4.1%), Chicago (3.3%) and the Twin Cities (2.4%). A significant portion of the supply-heavy markets continued experiencing rental contraction, including Austin (-4.3%), Denver (-3.6%), Tampa (-3.4%) and Phoenix (-2.7%), as well as Raleigh (-2.0%).<\/p>\n\n\n\n