U.S. apartment rents increased modestly in June, with the national average rising to $1,742, a 0.1% increase from May's upwardly revised level of $1,740, according to a report from Apartments.com. This marks the seventh consecutive month of positive rent growth following a period of flat to declining monthly performance in the second half of 2025. On an annual basis, rent growth was flat at 0.8% in June 2026, in line with May's year-over-year reading and down from 1.2% one year earlier. While rent growth was broad-based across all five regions, the Pacific region led on a monthly basis with a 0.2% increase, and the Midwest recorded the strongest year-over-year growth at 2.0%. At the metro level, San Francisco continued to outperform with annual rent growth of 9.2%, while markets with the largest supply additions remained under pressure, led by San Antonio with a 3.4% annual decline.
CoStar Group IncArticle reports modest rent growth, which may signal stable demand for CoStar's apartment listings, but the impact is indirect and mixed with supply pressures.