Remove 2023 Remove Apartment Remove Rent
article thumbnail

Rents Forecast to Rise in 2025 and 2026

Rental Housing Journal

CoStar Group forecasts that as the new apartment supply is absorbed, new data shows there will be an increase in rents in 2025 and 2026, ending the lower prices “many renters have had over the last couple of years as a result of the post-COVID multifamily supply glut,” the company says in a release. in Q3 2023.

Rent 98
article thumbnail

Q1 2023 Apartment Rent Report: Portland, OR

Rentometer

Summary This rental market report looks at how Portland, Oregon apartment rent prices have changed in Q1 2023. According to our data, two-bedroom apartments had the largest rent price increase of 20% while three-bedroom apartments had the smallest increase of 11%. View Full Report

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Q1 2023 Apartment Rent Report: Aurora, CO

Rentometer

Summary This rental market report looks at how Aurora, CO apartment rent prices have changed in Q1 2023. According to our data, one and two-bedroom apartments had the largest rent price increases of 16% while three-bedroom apartments had the smallest increase of 10%. View Full Report

article thumbnail

Q1 2023 Apartment Rent Report: San Francisco, CA

Rentometer

Summary This rental market report looks at how San Francisco, California apartment rent prices have changed in Q1 2023. According to our data, one-bedroom apartments had the largest rent price increase of 15% while three-bedroom apartments had the smallest increase of 9%. View Full Report

article thumbnail

Tips to Minimize Tenant Turnover

American Apartment Owners Association

Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. With a surge in apartment completions, the market is becoming increasingly competitive. With renting being 40% cheaper than owning on average, ensure your pricing remains attractive.

Tenant 234
article thumbnail

Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

Rent costs have long weighed on lower-income households — now it’s coming for the middle class. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs.

Rent 130
article thumbnail

2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Softening Rental Markets According to the report, apartment growth has stalled. 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. It dropped from 15.3% to just 0.4%.

Apartment 130