{"id":9678,"date":"2025-11-12T13:24:00","date_gmt":"2025-11-12T13:24:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9678"},"modified":"2025-12-05T07:33:12","modified_gmt":"2025-12-05T07:33:12","slug":"national-multifamily-market-report-october-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report-october-2025\/","title":{"rendered":"National Multifamily Market Report \u2013 October 2025"},"content":{"rendered":"\n

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

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Sticky advertised rental decline continues pressing the multifamily market.<\/em><\/em><\/p>\n\n\n\n

Highlights:<\/h2>\n\n\n\n
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  • The average U.S. advertised asking rent slid $4 to $1,743 in October, up 0.5% year-over-year.<\/li>\n\n\n\n
  • Just two of Matrix\u2019s top 30 markets experienced rent growth month-over-month, with the average national figure ticking down 0.2%.<\/li>\n\n\n\n
  • During the third quarter, multifamily absorption clocked in at 110,000 units, below the average of 185,000 recorded in the first and second quarters.<\/li>\n\n\n\n
  • SFR-BTR average advertised rents declined $6 to $2,195 in October, unchanged from last year.<\/li>\n<\/ul>\n\n\n\n

    Previous short-lived problems transition to medium-term issues<\/h2>\n\n\n\n

    The national multifamily market continued a weak showing as the average advertised rent fell $4 to $1,743 in October. Year-over-year rent growth remained unchanged at 0.5%. Gateway and Midwestern markets posted the strongest gains, with New York taking the lead (4.7%), followed by Chicago (3.9%), San Francisco (3.4%) and Twin Cities (2.9%). Sun Belt and Western metros had a subdued rent growth, such as Austin (-4.8%), Denver (-4.1%), Phoenix (-3.3%) and Las Vegas (-1.7%).<\/p>\n\n\n\n