Apartments.com Releases Multifamily Rent Growth Report for September 2026

U.S. apartment rents fell slightly by 0.08% in September 2026, ending nine months of stable or rising rents, though annual growth rose to 1.5%. Regional rent declines were seen nationwide, with the Mountain region down 0.3%. Annual growth was strongest in the Pacific, Midwest, and Northeast regions. Some markets like San Francisco saw high annual growth, while supply-heavy areas like San Antonio faced declines. Elevated supply continues to limit rent growth.