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Rent increases return to most major US apartment markets, led by these cities

With only 6% of the areas reporting rent declines, data signals a rebound in multifamily performance
Charlotte, North Carolina, saw average apartment rents swing from a -0.9% decline to a 1.1% gain quarter-over-quarter. The rebound in average rent was fueled by nearly a net change in occupancy of 4,000 units in the first quarter alone. (Thaddeus Rombauer/CoStar)
Charlotte, North Carolina, saw average apartment rents swing from a -0.9% decline to a 1.1% gain quarter-over-quarter. The rebound in average rent was fueled by nearly a net change in occupancy of 4,000 units in the first quarter alone. (Thaddeus Rombauer/CoStar)
CoStar Analytics
April 20, 2025 | 6:06 P.M.

Apartment rents are showing signs of a rebound in early 2025.

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