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Apartment rents hold steady in July as summer leasing season loses momentum

San Francisco Bay Area led US in apartment rent growth in July
The San Francisco Bay area remained one of the nation's strongest apartment rent growth regions in July, with the East Bay, including downtown Oakland, shown here, San Francisco and San Jose all ranking among multifamily markets with the highest average rent increases. (CoStar)
The San Francisco Bay area remained one of the nation's strongest apartment rent growth regions in July, with the East Bay, including downtown Oakland, shown here, San Francisco and San Jose all ranking among multifamily markets with the highest average rent increases. (CoStar)
CoStar Analytics
July 29, 2026 | 8:11 P.M.

U.S. apartment rents remained essentially flat in July, with the increase slowing from June as the summer leasing season lost momentum.

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