National Multifamily Market Report - August 2025

The August 2025 National Multifamily Market Report from Yardi Matrix documents U.S. rental market trends showing average advertised asking rents declining $1 to $1,755 monthly but rising 0.7% year-over-year, with regional variation where Midwest and Northeast markets led growth while Sun Belt metros experienced rent declines. The report highlights that single-family build-to-rent homes reached a new record average rent of $2,208 in August, national occupancy remained stable at 94.7%, and over 400 pro-housing bills were introduced by legislators to address housing supply expansion.