Continuing a year-long trend, apartment rent growth was slower in July than in June, rising by 1.1%, a slightly slower rate of growth than the previous month, according to the August 2022 Apartment List National Rent Report.
Rents are, however, rising faster than in the years just prior to the pandemic, and for the first seven months are up 6.7 percent, nationally. In 2021 at this point, they were up 12 percent.
Rents increased in 87 of the nation's 100 largest cities with Miami the speedy headliner over the past year, however rents in 80 of those increased more slowly than in 2021.
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