Record apartment rent growth slows slightly in August

Name: Your Home Sold Guaranteed - Couture Realty Team
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Posted on September 20, 2021 by Ken Couture

Record apartment rent growth slows slightly in August.png

Apartment rents on average are nearly $200 per month higher than they were a year earlier, according to a record-setting Zillow Observed Rent Index (ZORI) for August, issued this week.

August’s 11.5 percent annual appreciation is the largest in Zillow records going back to 2015. Typical U.S. rents measured by the Zillow Observed Rent Index (ZORI) are $1,874, meaning a $200 YoY rent spike was within reach.

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