{"id":9358,"date":"2025-08-11T12:17:00","date_gmt":"2025-08-11T12:17:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9358"},"modified":"2025-09-18T07:18:24","modified_gmt":"2025-09-18T07:18:24","slug":"national-multifamily-market-report-july-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report-july-2025\/","title":{"rendered":"National Multifamily Market Report \u2013 July 2025"},"content":{"rendered":"\n

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

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Though multifamily rent growth moderates, operating costs are also losing steam, according to Yardi Matrix data<\/em>.<\/p>\n\n\n\n

Report highlights<\/h2>\n\n\n\n
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  • The average U.S. advertised asking rent increased $2 to $1,754 in July, up 0.7% over the year. <\/li>\n\n\n\n
  • On a monthly basis, rates grew 0.1%, though several metros upended long stretches of negative rent movement. <\/li>\n\n\n\n
  • Expense-related pains eased, as costs climbed just 1.3% and 1.7% per market-rate and affordable unit during the first half of 2025.  <\/li>\n\n\n\n
  • SFR-BTR average advertised asking rates were up 0.4% year-over-year in July, settling at $2,205. <\/li>\n<\/ul>\n\n\n\n

    Multifamily rents still trend higher, though growth rate cools<\/h2>\n\n\n\n

    The U.S. multifamily average advertised asking rate recorded positive movement in July, albeit at a slower pace. Rents went up $2 to $1,754, for a yearly increase of 0.7%. The Midwest and coastal markets posted the highest gains, with Chicago (4.1%) leading the pack, followed by Columbus (3.9%), Detroit (3.5%) and New Jersey (2.7%). Metros overflowing with supply continued trending negative, including Austin (-4.6%), Denver (-3.9%), Phoenix (-2.8%) and Las Vegas (-1.7%). <\/p>\n\n\n\n