Apartment rents drop further, with vacancies at record high

Published Tue, Dec 2 20259:00 AM ESTUpdated Tue, Dec 2 202512:17 PM EST

By: Diana Olick

Apartment rents drop further as vacancies hit record high

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

A slew of new supply is still making its way through the multifamily housing market. That, coupled with weakening demand, especially from the youngest workers, is pushing vacancies up and rents down. 

The national median rent for apartments fell 1% in November from October, and now stands at $1,367, according to Apartment List. It was the fourth consecutive month-over-month decline. Apartment rents are down 1.1% from November 2024 and have fallen 5.2% from their 2022 peak.  LEARN MORE…

Visit my website at: https://www.anastasiakaufman.com/

Here’s my Facebook Account: https://www.facebook.com/AnastasiaRealtor/

Anastasia Kaufman, GRI,ABR,SFR,CDPE,SRS

Cell: 401-338-2749

Email: anastasia@anastasiakaufman.com