{"id":917401,"date":"2025-12-08T09:57:08","date_gmt":"2025-12-08T14:57:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/"},"modified":"2025-12-08T09:57:08","modified_gmt":"2025-12-08T14:57:08","slug":"apartments-com-releases-multifamily-rent-growth-report-for-november-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/","title":{"rendered":"Apartments.com Releases Multifamily Rent Growth Report for November 2025"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Apartments.com Releases Multifamily Rent Growth Report for November 2025<\/b><\/p>\n<p class=\"bwalignc\"><i>National rent growth improved, but remains negative<\/i><\/p>\n<p>ARLINGTON, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday Apartments.com, an industry-leading online marketplace of CoStar Group (NASDAQ: CSGP), published its latest report on multifamily rent trends for November 2025.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20251208731986\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251208731986\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663795\/4\/chart-01.jpg\" alt=\"National rent growth improved in November, but is still negative\" \/><\/p>\n<p style=\"font-size:85%\">National rent growth improved in November, but is still negative<\/p>\n<\/div>\n<p>\nU.S. apartment rents declined in November, with the national average falling to $1,706 \u2014 a 0.18% decrease from October\u2019s downwardly revised figure of $1,709. This marks the fifth consecutive month of flat or negative monthly rent change and the steepest November decline in over 15 years, though moderating from October\u2019s decline of -0.30%. Annual rent growth slowed further to 0.7%, down from 0.8% in October and 1.5% at the start of the year.\n<\/p>\n<p>\nApartment rent growth typically follows a seasonal pattern, with acceleration in the spring and a slowdown in late summer and fall. The seasonal trends have been more severe this year, but a moderating trend appears to now be underway. Yet although the national average rent in November remains above levels from a year ago, elevated supply pressures continue to weigh on rent growth momentum. While the market hasn\u2019t entered a widespread downturn, the November data highlights the delicate balance of rent growth in the fourth quarter.\n<\/p>\n<p>\nAll regions posted rent declines in November for the fourth consecutive month. The West led with a -0.4% month-over-month drop, followed by the South, down -0.2%, the Northeast, down -0.1%, and the Midwest, down -0.01%. On an annual basis, the Midwest posted the strongest performance with +2.2% growth, followed by the Northeast at +1.7%. The South\u2019s rents declined 0.1% year-over-year, while the West declined -1.5%.\n<\/p>\n<p>\nMetro-level performance was soft across the US, with just seven markets posting positive rent change. Rent growth leaders were Louisville, Kansas City and Norfolk, each posting gains of +0.1%.\n<\/p>\n<p>\nThe steepest monthly declines occurred in Las Vegas, down -0.8%, followed by San Antonio, Austin and Denver, each at -0.7%. Salt Lake City, Raleigh and Portland, OR, each posted monthly declines of -0.6%. These Mountain West and Sun Belt markets continue to face elevated vacancy amid aggressive new supply, putting downward pressure on rents. Las Vegas and Portland face additional demand headwinds from falling employment.\n<\/p>\n<p>\nSan Francisco leads the nation with 5.6% annual rent growth, followed by San Jose at 3.6%, Chicago at 3.4%, and Norfolk at 3.3%. In contrast, Austin rents declined -4.7%, Denver -3.6%, and Phoenix fell -3.2%, all driven lower by oversupply outpacing demand.\n<\/p>\n<p>\nThese patterns reinforce the broader trends: markets with the highest levels of new construction are seeing the weakest rent performance, while more supply-constrained metros \u2014 particularly in the Midwest and select coastal areas \u2014 continue to outperform. In select markets, however, softening demand may also be contributing to weaker rent growth, particularly where major employers have announced layoffs or where economic momentum has slowed.\n<\/p>\n<p>\nWhile many markets have moved past peak supply, a substantial inventory overhang continues to weigh on rent growth across the country.\n<\/p>\n<p><b><span class=\"bwuline\">About CoStar Group<br \/>\n<br \/><\/span><\/b>CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.\n<\/p>\n<p>\nCoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia\u2019s leading property marketplaces. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.\n<\/p>\n<p>\nCoStar Group\u2019s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fcostargroup.com&amp;esheet=54371631&amp;newsitemid=20251208731986&amp;lan=en-US&amp;anchor=CoStarGroup.com&amp;index=1&amp;md5=25c0d2fa874e6611f3e77ad4d609cdc5\">CoStarGroup.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251208731986r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20251208731986\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251208731986\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Matthew Blocher<br \/>\n<br \/>Vice President, Corporate Marketing &amp; Communications<br \/>\n<br \/>CoStar Group<br \/>\n<br \/>(202) 346-6775<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mblocher@costar.com\">mblocher@costar.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Virginia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Data Analytics Construction &amp; Property Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663795\/3\/chart-01.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">National rent growth improved in November, but is still negative<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663796\/3\/chart-02.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Rents fall across regions in November; annual growth stable<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663798\/3\/chart-03.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Many markets pare their losses in November<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663799\/3\/chart-04.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Year-over-year growth has slowed across most metros<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663779\/3\/costar-group-logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Apartments.com Releases Multifamily Rent Growth Report for November 2025 National rent growth improved, but remains negative ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211; Today Apartments.com, an industry-leading online marketplace of CoStar Group (NASDAQ: CSGP), published its latest report on multifamily rent trends for November 2025. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20251208731986\/en\/ National rent growth improved in November, but is still negative U.S. apartment rents declined in November, with the national average falling to $1,706 \u2014 a 0.18% decrease from October\u2019s downwardly revised figure of $1,709. This marks the fifth consecutive month of flat or negative monthly rent change and the steepest November decline in over 15 years, though moderating from October\u2019s decline of -0.30%. Annual rent growth slowed further &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Apartments.com Releases Multifamily Rent Growth Report for November 2025&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-917401","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apartments.com Releases Multifamily Rent Growth Report for November 2025 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apartments.com Releases Multifamily Rent Growth Report for November 2025 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Apartments.com Releases Multifamily Rent Growth Report for November 2025 National rent growth improved, but remains negative ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211; Today Apartments.com, an industry-leading online marketplace of CoStar Group (NASDAQ: CSGP), published its latest report on multifamily rent trends for November 2025. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20251208731986\/en\/ National rent growth improved in November, but is still negative U.S. apartment rents declined in November, with the national average falling to $1,706 \u2014 a 0.18% decrease from October\u2019s downwardly revised figure of $1,709. This marks the fifth consecutive month of flat or negative monthly rent change and the steepest November decline in over 15 years, though moderating from October\u2019s decline of -0.30%. 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20251208731986\/en\/ National rent growth improved in November, but is still negative U.S. apartment rents declined in November, with the national average falling to $1,706 \u2014 a 0.18% decrease from October\u2019s downwardly revised figure of $1,709. This marks the fifth consecutive month of flat or negative monthly rent change and the steepest November decline in over 15 years, though moderating from October\u2019s decline of -0.30%. Annual rent growth slowed further &hellip; Continue reading \"Apartments.com Releases Multifamily Rent Growth Report for November 2025\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/","og_site_name":"Market Newsdesk","article_published_time":"2025-12-08T14:57:08+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663795\/4\/chart-01.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Apartments.com Releases Multifamily Rent Growth Report for November 2025","datePublished":"2025-12-08T14:57:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/"},"wordCount":831,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20251208731986\/en\/2663795\/4\/chart-01.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/apartments-com-releases-multifamily-rent-growth-report-for-november-2025\/","name":"Apartments.com Releases Multifamily Rent Growth Report for November 2025 - 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