Matrix Multifamily National Report-June 2025

Market Overview

Through June 2025, the U.S. multifamily sector posted modest rent growth of approximately 1.2 percent during the first half of the year, with the average advertised asking rent rising to around $1,749. Occupancy remained steady at roughly 94.6 percent, down just 20 basis points year-over-year. Rent trends were strongest in Midwest metros like Chicago, Columbus, and Kansas City, while Sun Belt markets—including Austin, Denver, and Orlando—continued to see softer performance due to elevated deliveries. Nationwide demand remains resilient amid continued affordability pressure and supply uncertainty.

About Yardi Matrix

Yardi Matrix is a leading provider of commercial real estate data and analytics, covering multifamily, student housing, industrial, self-storage, and other asset classes. Its national and metro-level publications deliver timely, data-driven insights into rent trends, occupancy, supply pipelines, and more—designed to equip investors, developers, and analysts with actionable market intelligence.