Apartments.com's July 2026 report shows national multifamily rent growth of +1.0% year-over-year (up from a revised +0.9% in June) with the average asking rent at $1,747, essentially flat month-over-month. It marks the eighth straight month of positive increases, but elevated new supply continues to restrain pricing nationally.
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US apartment rents up just 1.0% YoY in July 2026 as supply weighs
Why this matters for founders
Founders signing office-adjacent or relocating employee housing leases retain negotiating leverage in a soft, oversupplied rental market — push for concessions before supply tightens.
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