Supply has not kept apartment rents from rising in downtown Sacramento

Sacramento’s apartment rents marched forward in May at their best clip of the year, advancing 0.3% month over month. It was also the best month-over-month rent growth since last June. That brought asking rents for market-rate apartments in California’s state capital to an average of nearly $1,870 per month. On a year-over-year basis, rents have increased 0.6% across the Sacramento region.