US Apartment Rents Fall 0.15% in October, CoStar Report Shows

By Public Technologies20:18 (UTC), 29 October 2026 Updated

U.S. apartment rents fell 0.15% in October 2026 to $1,749, marking a second consecutive monthly decline.
Annual rent growth accelerated to 1.6% from 1.5% in September, despite continued pressure from elevated supply.
Rents declined monthly in 42 of the top 50 markets; only Norfolk posted an increase.
San Francisco led annual rent growth at 12.9%, while Las Vegas recorded the largest decline at 1.9%.
A substantial but gradually easing inventory overhang continued to constrain national rent growth, with local supply conditions driving wide performance differences.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610291605BIZWIRE_USPR_____20261029_BW995599) on October 29, 2026, and is solely responsible for the information contained therein.