CoStar’s Apartments.com says US apartment rent growth stays modest in May, average hits $1,737
CoStar Group, Inc.
CoStar Group, Inc. CSGP | 0.00 |
- CoStar’s Apartments.com reported US apartment rents rose 0.2% in May to USD 1,737, marking a sixth straight monthly gain.
- Annual rent growth held at 0.7%, down from 1.3% a year earlier, signaling subdued spring leasing momentum.
- All regions posted monthly increases; year-on-year gains led in the Midwest at 2%, while the South fell 0.8%.
- Supply-heavy markets stayed under pressure; Austin, San Antonio, Denver posted annual declines of about 3%.
- Report flagged a still-large but easing inventory overhang as a key constraint on national pricing power.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260528527099) on May 28, 2026, and is solely responsible for the information contained therein.
