IE Business Daily Business news for the Inland Empire.
Apartment rents rose slightly nationwide in March, according to a report released March 31.
The average monthly rent was $1,723, a 0.2 percent increase compared with the $1,719 average recorded in February, Apartments.com reported.
March was the fourth consecutive month rent growth went up, a trend that follows flat or declining rates during the last few months of 2025.
“While apartment rent growth typically accelerates at this stage of the spring leasing season, gains in March remained modest, suggesting that early-season momentum is developing more gradually than in a typical year,” the report states. “Monthly rent growth has stabilized since late 2025, though supply conditions and more measured demand continue to restrain pricing momentum nationally.”
Forty-six of the top 50 metro markets posted month-over-month increases, up from 38 markets in February, according to the report.
