US multifamily rent growth accelerated again in July, with annual growth reaching 1.8%, monthly annualized growth rising to 4.0%, and market breadth improving further.

NYC rent growth continued to outperform the US in June, with Manhattan holding its lead while the Bronx cooled and Staten Island showed signs of stabilization.

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.

NYC rent growth accelerated broadly in May, with Manhattan continuing to lead annual gains while stronger short-term momentum spread across all five boroughs.

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.

Rent growth has been broadly felt across New York City since 2020, but five ZIP codes stand out. Led by Brooklyn and Bronx neighborhoods, each saw asking rents rise by more than 50%.

NYC rent growth remained well ahead of the national pace in April, with Manhattan pulling further ahead while borough-level momentum stayed uneven.

National multifamily rent growth held near 1.0% in April, while short-term momentum improved modestly. Conditions remain soft, but the latest data suggest the market is no longer broadly worsening.

According to the New York Fed’s 2026 SCE Housing Survey, just 21.7% of Americans expect to move within the next three years. Renters remain more mobile than homeowners, but moving expectations have fallen sharply across tenure, age, income, and education groups.

NYC renters still pay far more than the national average, but the size of that premium has changed significantly over the past decade.

NYC rent growth remained stronger than the national trend in March, with Manhattan leading annual gains and momentum showing increasing divergence across boroughs.

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.

A data-driven look at where remote work has declined and expanded across US metros since 2021, revealing a sharp pullback in major office markets and continued growth across the Southeast.

NYC rent growth remained resilient in early 2026, with Manhattan leading year-over-year gains and Brooklyn continuing to drive short-term momentum across the boroughs.

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.

A data-driven look at how utility costs as a share of rent have changed for multifamily renters since 2000, based on American Community Survey microdata.

A data-driven look at one-year home price growth across the NYC housing market, showing Manhattan lagging while Brooklyn, Queens, the Bronx, and Staten Island post broad gains, based on Zillow data through January 2026.

National multifamily rents rose 1.4% year over year in January 2026 as rent growth continued to moderate. Metro-level performance remains uneven across markets.

A closer look at the US Census Bureau’s Rental Housing Finance Survey shows that individual investors still account for the majority of single-family rental ownership, even as legal structures continue to evolve.

Multifamily rent growth remained subdued in December 2025, with national rent gains continuing to register positive in nominal terms but negative after adjusting for inflation. The latest Zillow Observed Rent Index (ZORI) data point to a rent environment that is materially cooler than the post-pandemic peak and running below long-run historical norms in real terms, even as nominal rents continue to edge modestly higher.

Over the past two decades, the New York City metro rental market hasn’t just grown — it has aged. Beneath the headline narratives about rent growth and post-pandemic volatility, a quieter structural shift has been unfolding: nearly all net growth in rental households has come from renters over the age of 35, while the number of under-35 renters has barely changed.

Multifamily rent growth continued to moderate in November 2025, with national rent gains remaining positive in nominal terms but negative after adjusting for inflation. The latest Zillow Observed Rent Index (ZORI) data point to a rent environment that is materially cooler than the post-pandemic peak and running below long-run historical norms, even as nominal rents continue to edge higher.

Over the past decade, the share of homeowners who own their homes free and clear has risen sharply across the New York metropolitan area. This dynamic is most extreme in Manhattan (New York County), where roughly 50% of homeowners now own their homes without a mortgage.