A growing supply of new multifamily homes in the US has been associated with a slowing of rent increases . Construction of new apartments totaled around 400,000 units in 2017 , leading landlords to limit construction and offer other options to tenants . As a result , average rents for apartments rose 2.5 % in 2017 , well below the peak of 5.2 % recorded in 2016 . At that time , more than a dozen urban areas recorded rises of above 5 % , with some as high as 12 % . U.S. apartment rents climbed 2.5% in 2017, according to RealPage Inc., a real estate technology and data firm. 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 associated with a slowing of rent increases . Construction of new apartments totaled around 400,000 units in 2017 , leading landlords to limit construction and offer other options to tenants . As a result , average rents for apartments rose 2.5 % in 2017 , well below the peak of 5.2 % recorded in 2016 . At that time , more than a dozen urban areas recorded rises of above 5 % , with some as high as 12 % . By the end of 2017 , only Sacramento had an increase of more than 6 % .