Multifamily Rents Across Texas Begin To Cool

Multifamily rents across the largest markets in Texas have peaked from their record-setting performances last year. These trends are present in CoStar's daily asking rent series, capturing thousands of rent observations in each market every day. While rents begin to stabilize, growth rates across the state remain well-above pre-pandemic trends. As of July, annual rent growth across the state is averaging 9.3%.