Matrix

Rent growth in April averaged 2.5 percent, a 50 basis-point drop compared to April 2018, according to a Yardi Matrix survey of 127 markets. 

On a month-over-month basis, rent growth continues to be positive, increasing by $5 to $1,436, according to a Yardi Matrix survey of 127 markets. However, year-over-year growth has fallen to 3 percent.

Rents increased by $4 to $1,430 over the previous month, but year-over-year growth dropped by 20 basis points to 3.2 percent, according to a Yardi Matrix survey of 127 markets.

Rents increased by $2 to $1,426, while year-over-year growth remained at 3.6 percent, according to a Yardi Matrix survey of 127 markets.

Year-over-year growth has increased by 10 basis points to 3.3 percent, according to a Yardi Matrix survey of 127 markets, matching the highest rent growth since November 2016.

Rents are expected to rise at a rate of 2.8 percent, performing strongest in late-cycle markets such as Las Vegas, Phoenix and Orlando, which have reached the 4 percent mark for several months. 

Annual rent growth has risen at least 2.9 percent every year and has surpassed 3 percent in six of the last eight years, according to a survey of 127 markets by Yardi Matrix.

Year-over-year growth for November decreased by 10 basis points to 3.1 percent, according to a survey of 127 markets by Yardi Matrix.

Rent growth remained unchanged year-over-year at 3.3 percent in October, according to a survey of 127 markets by Yardi Matrix.

The $1 drop marks the first time rents have not increased since January. Despite this, prices increased 3.1 percent year-to-date, according to a Yardi Matrix survey of 127 markets.

According to a Yardi Matrix survey of 127 markets, this spike represents a 3.1 percent year-over-year increase, up 10 basis points from July.

Year-over-year, rents have risen by 2.8 percent, reaching an all-time high of $1,409. Among the top 30 metros, Orlando once again came out ahead with the highest rental increase, at 6.9 percent.