RealPage Analytics Blog

Research & Trends

Cozy living room featuring a gray sofa, decorative pillows, a round mirror, plants, and a knitted pouf.

Resilient Demand and Still-Muted Rent Growth Defines U.S. Apartment Market in 2nd Quarter 2025

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Only Six of the Top 150 Apartment Markets Continue to See Occupancy Decline

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More than 500,000 U.S. Apartments Have Been Delayed Since 2018

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Phoenix Dominates BTR Construction Pipeline

A modern kitchen and dining area featuring sleek cabinetry, floral centerpiece, and large windows.

Occupancy Slumps in Major South Region Markets

Modern dining area with a wooden table, upholstered chairs, large windows with curtains, and stylish decor.

Class A Occupancy Recovers, Though Still Trails B and C Assets

Modern apartment interior featuring a dining table, kitchen area, stairs, and stylish living space.

Only Six Major Markets Managed Consistent Positive New Lease Trade-out Since 2023

Modern living space featuring a sectional sofa, coffee table, and dining area with light wood flooring and large windows.

May Occupancy Holds as Rent Recovery Falters

Modern living space featuring a desk with a chair, sofa with colorful cushions, and a TV beside a window.

Multifamily Operating Expenses Moderate Significantly, But Still Well Above Pre-Pandemic