Core Insights - The report from Apartments.com indicates that U.S. apartment rents increased in December 2025, with the national average reaching $1,708, reflecting a 0.1% rise from the revised figure of $1,707 in November [1] Rent Trends - The increase in December marks a reversal from the previous five months, which had shown either flat or negative monthly rent changes [1] - Annual rent growth has shown signs of easing, although specific figures for annual growth were not detailed in the report [1]

Core Insights - National rent growth continues to decelerate, with annual rent growth slowing to 0.8% in October 2025, down from 0.9% in September and 1.5% at the start of the year [3][5]. Rent Trends - The national average apartment rent fell to $1,708 in October, representing a 0.3% decrease from September's revised figure of $1,713, marking the steepest October decline in over 15 years [3][4]. - October rent changes have averaged a 0.15% monthly decline from 2022 to 2024, compared to an average of 0.07% from 2010 to 2024, indicating a more pronounced decline this year [4]. Regional Performance - All regions experienced rent declines in October, with the West leading at -0.53%, followed by the South at -0.28%, the Northeast at -0.24%, and the Midwest at -0.18% [6]. - The Midwest showed the strongest annual performance with a growth of +2.2%, while the West saw a decline of -1.4% year-over-year [6]. Metro-Level Analysis - Only Las Vegas and Milwaukee reported monthly rent gains of +0.2%, while significant declines were noted in Denver (-1.3%), Austin (-1.1%), and Seattle (-0.9%) [7][8]. - Markets with high levels of new construction are experiencing the weakest rent performance, while supply-constrained metros, particularly in the Midwest and select coastal areas, continue to outperform [9][10].

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].