Spring leasing season is here, and we’re seeing apartment rents continue to climb nationwide. The average US apartment rent reached about $1,700 in mid-Q2 2026, marking the sixth consecutive month of positive monthly growth—a notable rebound from the softer trend we saw at the end of 2025. However, annual rent growth remains under 1%, matching the previous period and coming in below last year’s low-1% pace. This tells us that while momentum is returning, it’s measured—broad-based gains are happening in all five US regions, and 43 of the top 50 metros saw increases this month. That said, the pace is still tempered by supply conditions and more steady demand, with an inventory overhang keeping price growth in check as many cities move beyond peak building. For those navigating big transitions—whether right-sizing, inheriting property, or weighing Prop 19 options—understanding these trends is key to making informed decisions. Our relationship-first approach is always about finding the smartest move, especially as the market evolves.

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