National Multifamily Market Report – August 2025

Market Overview

‍Across the U.S., the multifamily sector entered July 2025 in a phase of muted growth. Average advertised asking rent reached around $1,754 up just 0.7% year-over-year and occupancy held steady at approximately 94.7%. Although demand remains sound, new supply and modest rent gain point toward a period of stabilisation rather than expansion.

‍About Yardi Matrix

‍Yardi Matrix is a leading research and analytics firm specialising in multifamily housing markets. Their July 2025 national multifamily market report aggregates data on rent trends, occupancy levels, supply pipelines and cost dynamics to give owners, developers and investors clear insight into timing, risk and strategic positioning. To read the full report, click here.