April's strongest rent increases occurred in the luxury Class A properties that had taken a pricing haircut in many cases over much of the past year.

At its weakest, US apartment resident retention got down to 51.1% in December 2020.

While a now-improving economy might suggest that the worst is behind us for missed rent payments, there's still some downside risk.

Even the country's gateway metros, where rents were slashed in 2020, experienced at least slight rent bumps in February.

Resident retention challenges are more pronounced in the urban core than in the suburbs across nearly all metros

While national apartment pricing is stabilizing, unusually big differences in rent change continue to register from market to market.

Investors that are interested in these apartments are finding severe shortages of product.