Apartment Rent Growth Slows Significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2026
0mins
Should l Buy CSGP?
Source: CNBC
- Weak Rent Growth: According to Apartment List, the national median rent rose by only 0.4% in March to $1,363, significantly lower than last year's 0.6%, indicating a trend of sluggish rent growth.
- Annual Rent Decline: March rents fell by 1.7% year-over-year, marking the largest drop since 2017, reflecting a significant weakening in market demand and a 5.5% decrease from the peak in 2022.
- Rising Vacancy Rates: The national apartment vacancy rate remained at 7.3% in March, unchanged from February, reaching the highest level since 2017, highlighting the growing conflict between new apartment supply and sluggish demand.
- Increased Rent Concessions: As of January, 16.6% of stabilized apartment landlords were offering concessions such as free rent or gift cards, indicating heightened competition in the market, particularly in cities like Austin, Phoenix, and Denver where rent declines are notable.
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Analyst Views on CSGP
Wall Street analysts forecast CSGP stock price to rise
13 Analyst Rating
8 Buy
4 Hold
1 Sell
Moderate Buy
Current: 39.720
Low
48.00
Averages
74.92
High
101.00
Current: 39.720
Low
48.00
Averages
74.92
High
101.00
About CSGP
CoStar Group, Inc. is a provider of online real estate marketplaces, information, analytics, and three-dimensional (3D) digital twin technology in the property markets. The Company operates through two segments, which include Commercial Real Estate and Residential Real Estate. Its Commercial Real Estate segment offers commercial real estate information and analytics, online marketplaces, and 3D digital twin technology. Its brands include CoStar and LoopNet. Its CoStar offers subscription-based access to its platform of commercial real estate intelligence. Its LoopNet is a commercial real estate marketing site which enables property owners, landlords, and brokers to advertise properties for sale or lease on a site. Its Residential Real Estate segment hosts marketplaces which aggregate consumer demand for homes to rent or buy and sell marketing and leads to the agents, owners, landlords, and property management companies to reach consumers with offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
