New Yardi Matrix data shows U.S. multifamily rents fell by $6 to $1,750 in September — the steepest one-month decline in nearly three years. Analysts attribute the drop to a mix of high housing supply, cooling job growth, and consumer uncertainty, especially in metros like Phoenix, Dallas, and Las Vegas. Despite current softness, experts say potential Federal Reserve rate cuts could help stabilize the market in the coming months.
