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Apartment rent trends in local markets diverge sharply within US regions

August marked second consecutive month of flat or negative change in monthly rent
San Francisco’s apartment market continues to chart its own course, diverging from broader regional rent trends. (Getty Images)
San Francisco’s apartment market continues to chart its own course, diverging from broader regional rent trends. (Getty Images)
CoStar Analytics
September 25, 2025 | 8:13 P.M.

The average rent for U.S. apartments declined in August, with the national average falling to $1,713 per month, a 0.23% decrease from July’s revised $1,719. That came as trends diverged within U.S. regions.

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News | Apartment rent trends in local markets diverge sharply within US regions