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These two tourist hubs are seeing largest apartment rent declines

San Antonio, Las Vegas among Sun Belt cities reeling from tsunami of new apartments
Las Vegas and San Antonio apartment rents are feeling the effects of abundant new multifamily buildings. (CoStar)
Las Vegas and San Antonio apartment rents are feeling the effects of abundant new multifamily buildings. (CoStar)
CoStar Analytics
September 28, 2026 | 8:07 P.M.

Among the 50 largest multifamily markets in the United States today, none saw steeper rent declines than Las Vegas and San Antonio over the past 12 months.

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