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].

ARLINGTON, Va.--(BUSINESS WIRE)--Today Apartments.com, an industry-leading online marketplace of CoStar Group (NASDAQ: CSGP), published its latest report on multifamily rent trends for October 2025. U.S. apartment rents declined in October, with the national average falling to $1,708 — a 0.3% decrease from September's revised figure of $1,713. This marks the fourth consecutive month of flat or negative monthly rent change and the steepest October decline in over 15 years. Three of the five stee. ...