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Rent Growth Holds Up Much Better for Mid-Priced, Three-Star Apartments

These Rentals Remain a Positive Beacon in Sun Belt Markets With Significantly Slowing Rents

Average rents at mid-priced, three-star apartments in Miami have outperformed the overall market in terms of rent growth. Pictured is a three-star multifamily property in Miami's Little Havana neighborhood. (CoStar)
Average rents at mid-priced, three-star apartments in Miami have outperformed the overall market in terms of rent growth. Pictured is a three-star multifamily property in Miami's Little Havana neighborhood. (CoStar)

Mid-quality apartments, those scoring three stars in CoStar's national building ratings system, regained the crown as rent-growth leader at a time when an oversupply of higher-quality units that were awarded four and five stars pushed rents in that segment into the red nationally.

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