COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

US multifamily rent growth accelerated in June, with annual growth reaching 1.4% and monthly annualized growth rising to its fastest pace since 2023. Market breadth also strengthened, though performance remains highly uneven across metros.

Renter households that work from home have seen lower median rent burdens since 2020. But the data suggest that this is less about remote workers moving into cheaper housing and more about higher-income renters being more likely to work from home.

The June 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows rent collections stabilizing, though the recovery has become more uneven. On-time payments were little changed from May, late-payment pressure turned higher again, and full-payment resolution remained relatively firm.

National multifamily rent growth rose to 1.2% in May 2026 as monthly momentum and market breadth improved. While rent growth remains subdued nationally, several Midwest, Northeast, and coastal markets continue to outperform, highlighting the increasingly localized nature of apartment market conditions.