Remove 2012 Remove Rent Remove Rental Unit
article thumbnail

2024 Annual Rental Housing Report Key Takeaways

Rental Choice

The rental market rapidly increased during 2021 and 2022. However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. This slowing demand has stabilized the rental market after 18 months of turbulence.

Apartment 130
article thumbnail

Roommate Effect: Good News for Real Estate Investors

Real Property Management Choice

The good news for rental property owners is that vacancy rates are dropping as well, proving the demand for rental units is still there. In fact, Zillow reported that the average rent rates are on the rise. You can see a lucrative market for rental property owners.