Overall, national multifamily annual rent changes remain relatively stable, according to Zumper’s latest national rent report. But New York City has seen big gains.

In April, Zumper’s rent index for one-bedroom apartments was down 0.6% to $1,486. The two-bedroom index was up 0.1% year over year to $1,843. New apartment inventory, expected to hit a 50-year high during the summer, will keep the averages calm.


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Erik Sherman

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