Apartments.com Q3 RentPulse Report: Apartment Markets Tighten, But Renters Still Have Leverage
CoStar Group's Apartments.com released its Q3 RentPulse Index, showing the national apartment vacancy rate fell to 7.8%, its lowest since late 2023, while concessions rose to 4.2% of advertised rents. The report highlights regional divergence: Upper Midwest rents are up 2.3% year over year, while oversupplied markets like Fort Myers (down 3.3%) and Las Vegas (down 1.8%) still favor renters.
Key figures
- Midwest rent yoy
- 2.3%
- National vacancy rate
- 7.8%
- Monthly unique visitors
- 121 million
- National concession rate
- 4.2%
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