Multifamily Insights | Apartments.com

Explore economic trends, renter behavior, and industry news.

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State of the U.S. Multifamily Market: Q1 2024

After two years of losing ground, the multifamily market has kicked off the year with signs of stabilization. Join CoStar’s Jay Lybik to explore where in the country rent growth has been the strongest, which property types will continue to struggle, and what the outlook is for peak leasing season.

Windows on exterior of apartment building

Luxury Properties Continue to Struggle in First Quarter, Despite Upward Demand Creep

The first quarter of 2024 saw renter demand increase, though not by enough to meet historically high supply, especially in the high-end quality class.

Photo-illustration of rent decline

Top 10 Multifamily Markets Facing Largest Rent Declines

These 10 Sun Belt markets are struggling with the greatest year-over-year drops in asking rent in the country. This decline in the first quarter of 2024 is thanks to a mismatch between supply and demand.

Apartments framed by overcast sky

February Rent Growth Remains Sluggish

Rent growth continues to decelerate on both a monthly and annual basis, with only one region of the country seeing a slight uptick compared to January.

"Now leasing" sign on side of apartment building

February 21, 2024

Top 10 Multifamily Markets with the Highest Vacancy in Q1 2024

Vacancy rates have been on the rise, pushed up by increasing supply and insufficient demand. Currently, 10 major markets lead the nation for above-average vacancy, based on the latest CoStar data for the first quarter of 2024.

Graph of declining growth superimposed over tall buildings

February 12, 2024

Rent Growth Creeps Upward in January

The multifamily industry saw a slight uptick in rent growth in January 2024. The Midwest and Northeast have driven the greatest increases in asking rent, while the South continues to lag behind with declining rents.

Male college student steps into apartment carrying a box

February 9, 2024

What Student Renters Want in an Apartment

Looking to attract more student renters to your property? Don’t forget to highlight these essential features to draw students in.

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February 6, 2024

5 Predictions for the Multifamily Market in 2024

After a year of record-high supply and declining rent growth, what can the multifamily industry expect to see this year? Here are the top market trends projected by CoStar for the sector in 2024.

Computer screen showing "2024 loading"

State of the U.S. Multifamily Market: 2023 Recap & 2024 Outlook

After a year of record-high supply and dwindling rent growth, will market conditions in 2024 offer much-needed relief? CoStar’s Jay Lybik analyzes the latest data and offers a preview of what to expect.

The Atlanta multifamily market has seen high levels of new construction

January 10, 2024

Q4 Increase in Demand Still Not Enough to Meet 2023’s High Supply

The multifamily sector closed the year with a few positive signs amid tough market conditions. Despite the flood of excess supply, absorption ticked upwards in late 2023, rising by 122 percent.

City skyline superimposed over 2024 calendar

January 3, 2024

9 Multifamily Trends to Watch in 2024

What are the biggest trends and priorities for renters and multifamily operators in 2024? From amenities to advertising, here are the top trends to look out for this year.

People stroll through New York City's Central Park on a sunny day

January 2, 2024

Top 10 Most Popular Neighborhoods for Renters in 2023

From downtowns and financial centers to neighborhoods outside the urban core, these trendy neighborhoods across the country attracted the most rental searches on Apartments.com in 2023.

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