Apartments.com Reports Multifamily Rent Trends for August 2026
ARLINGTON, Va.–(BUSINESS WIRE)–Sep 2, 2026–
Apartments.com, part of CoStar Group, Inc. (NASDAQ: CSGP), has released its latest report on multifamily rent trends for August 2026.
Key Highlights:
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National Rent Growth: The national average rent saw a slight decrease of -0.03%, settling at $1,751, following eight months of positive growth. Year-over-year, rent growth has increased from +1.1% to +1.3%.
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Regional Performance:
- The Pacific region experienced a modest increase of +0.1%, while other regions faced declines. Notably, the South and Mountain regions both dropped by -0.2%.
- Year-over-year, the Pacific and Midwest regions led with +2.2%, while the South saw a slight decline of -0.1%.
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Metropolitan Insights:
- Only 12 out of the top 50 markets reported increases in rent, with Orange County leading at +0.6%.
- San Francisco showed strong annual growth at +11.9%, in contrast to cities like San Antonio, which faced a -2.2% annual decline.
Conclusion:
Overall, while August saw a minor decline in monthly rent growth, annual trends indicate some improvement despite ongoing supply challenges. The housing market continues to respond to local supply conditions, which influence pricing dynamics nationwide.
For further details and the full press release, please visit Business Wire.
Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costar.com
For more information, visit CoStarGroup.com.
