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Monthly apartment rent growth remains nearly flat, even as annual gains strengthen

Modest seasonal decline in August smaller than prior two years
The 346-unit Paxton Apartments in Huntington Beach, California. Orange County posted the nation's strongest monthly apartment rent growth in August. (CoStar)
The 346-unit Paxton Apartments in Huntington Beach, California. Orange County posted the nation's strongest monthly apartment rent growth in August. (CoStar)
CoStar Analytics
September 3, 2026 | 1:29 P.M.

U.S. apartment rents were essentially flat in August, posting a slight decline to end an eight-month stretch of monthly rent increases as the summer leasing season lost momentum, according to Apartments.com's latest report on multifamily rent trends.

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