Sacramento Apartment Rents Grow at Fastest Rate Since May 2022

The apartment market in Sacramento, California, built on momentum from January, recording a 38-basis point increase month over month. The solid rent growth figures are tied to good net absorption — or the difference in units occupied and vacated — reaching 390 units through the end of February. The number is forecasted to end the quarter at 370 units, the highest first quarter total of the past decade.