U.S. apartment rents inched upward in March 2026, according to reports from Apartment List and Apartments.com. Apartment List put growth for the month at 0.5%, the second consecutive monthly increase following six months of declines, while Apartments.com data showed the national average rising to $1,723, a +0.2% increase from February’s upwardly revised level of $1,719.
“While apartment rent growth typically accelerates at this stage of the spring leasing season, gains in March remained modest, suggesting that early-season momentum is developing more gradually than in a typical year,” according to Apartment.com. “Monthly rent growth has stabilized since late 2025, though supply conditions and more measured demand growth continue to restrain pricing momentum nationally.”
All five U.S. regions posted month-over-month increases, led by the Midwest and Mountain regions. On an annual basis, regional performance was more uneven, Apartments.com reported. The Midwest recorded the strongest year-over-year rent growth at +1.9%, followed by the Northeast at +1.0% and the Pacific at +0.7%. Conversely, rents declined Y-O-Y in the South and Mountain region, down -1.3 and -2.2%, respectively.
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