RealPage Analytics Blog

Research & Trends

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

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

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

Phoenix Dominates BTR Construction Pipeline

Occupancy Slumps in Major South Region Markets

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

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

May Occupancy Holds as Rent Recovery Falters

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