CORRECTING and REPLACING Apartments.com Releases Multifamily Rent Growth Report for October 2025

ARLINGTON, Va.--(BUSINESS WIRE)--Second paragraph, fourth sentence of release should read: Annual rent growth slowed further to 0.8%, down from 0.9% in September and 1.5% at the start of the year. (instead of Annual rent growth slowed further to 0.8%, down from 0.9% in August and 1.5% at the start of the year.)

The updated release reads:


Today Apartments.com, an industry-leading online marketplace of CoStar Group (NASDAQ: CSGP), published its latest report on multifamily rent trends for October 2025.

U.S. apartment rents declined in October, with the national average falling to $1,708 — a 0.3% decrease from September’s revised figure of $1,713. This marks the fourth consecutive month of flat or negative monthly rent change and the steepest October decline in over 15 years. Three of the five steepest monthly rent reductions over the past fifteen years have occurred within the last three months. Annual rent growth slowed further to 0.8%, down from 0.9% in September and 1.5% at the start of the year.