Apartments.com Releases Multifamily Rent Growth Report for August 2026
Apartments.com, CoStar Group's rental marketplace, published its August 2026 multifamily rent report, showing the national average rent slipping -0.03% to $1,751 and ending eight consecutive months of monthly increases. Annual rent growth accelerated to +1.3% from +1.1% in July, and August's monthly dip was milder than the declines of 0.1% and 0.2% in August 2024 and August 2025, though elevated supply levels remain a constraint on national pricing momentum. Performance was uneven across markets: 31 of the top 50 metros posted monthly declines, San Francisco led annual growth at +11.9%, while San Antonio (-2.2%) and Denver (-1.9%) were weakest amid supply/demand imbalances.
Key figures
- Rent mom pct
- -0.03%
- Rent growth yoy pct
- +1.3%
- Sf annual rent growth pct
- +11.9%
- National avg rent aug 2026
- 1751
- National avg rent jul 2026
- 1752
- July rent growth mom revised pct
- +0.1%
- Q2 2026 avg monthly unique visitors
- over 118 million
- San antonio annual rent decline pct
- -2.2%
AI analysis
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