COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

National rents rose 1.2% year-over-year in February, down from 1.4% in January and 1.6% in December, marking a continued slowdown from the modest re-acceleration observed in late 2024. While rent growth remains positive, the trend has clearly softened, reflecting ongoing supply pressures and a normalization in demand following the post-pandemic surge.

This week’s Rental Housing Weekly Briefing examines apartment market conditions via NMHC’s latest quarterly survey, alongside new Chandan Economics-RentRedi data showing continued improvement in mom-and-pop rent collections.

April 2026 Rental Payment Trends: Collections Improve, Late Payments Remain Elevated