A growing supply of new multifamily homes in the Sacramento has been met with a slowing of rent increases. Construction of new apartments reached more than a dozen units in 2017 , leading landlords to limit increases and offer other incentives to tenants. As a result, average rents for apartments rose more than 6% in 2017 , well below the peak of 5.2% recorded in 2015 . At that time, around 400,000 urban areas recorded rises of as high as 12% , with some as high as 12% . By the end of 2017 , only Sacramento had an increase of more than 6% .
A growing supply of new multifamily homes in the US has been met with a slowing of rent increases. Construction of new apartments reached around 400,000 units in 2017, leading landlords to limit increases and offer other incentives to tenants. As a result, average rents for apartments rose 2.5% in 2017, well below the peak of 5.2% recorded in 2015. At that time, more than a dozen urban areas recorded rises of above 6%, with some as high as 12%. By the end of 2017, only Sacramento had an increase of more than 6%.