Apartments.com Releases Multifamily Rent Growth Report for October 2025

Core Insights - Apartments.com reported a decline in U.S. apartment rents for October 2025, with the national average falling to $1,708, representing a 0.3% decrease from September's revised figure of $1,713. This marks the fourth consecutive month of flat or negative rent changes and the steepest October decline in over 15 years [1]. Rent Trends - The national average rent of $1,708 indicates a significant downward trend in the multifamily rental market [1]. - The 0.3% decrease from the previous month highlights ongoing challenges in the rental market, with three of the five previous months showing similar trends [1]. - The current decline is noted as the steepest for the month of October in more than 15 years, suggesting a potential shift in market dynamics [1].