Yardi Says Multifamily Continues to Jog in Place

“It’s not supposed to be easy. Anyone who finds it easy is stupid.” — Charlie Munger

According to the latest Yardi Matrix Multifamily Report ,multifamily rents remained flat in February, 2026 with the average U.S. advertised coming in at $1,740 and year-over-year rent growth came in at 0.1%. They say February is usually a slow month, but the signals do not point to a strong bump in rents in the spring. In addition, they say that multifamily market is anticipating another year of slow growth.

The economic backdrop presents more challenges to demand. Job growth has been underwhelming. The economy shed 92,000 jobs in February after weak gains in 2025. Escalating geopolitical tensions, including the military action in Iran, are increasing uncertainty and concerns about energy supply disruptions and rising prices.