U.S. multifamily rent growth has been under pressure this year from an overabundance of supply, particularly across the U.S. Sun Belt and Mountain West regions, where rent declines remain concentrated.
Apartment rent trends in Sun Belt and Mountain West regions reflect supply-driven imbalances
With the large buildup in new units taking longer than expected to lease, rent increases slow
CoStar Analytics
November 7, 2025 | 5:21 P.M.
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