For the first time in seven months, U.S. apartment occupancy rose back above the essentially full mark of 95%.
After steadily declining throughout the back half of 2025, apartment occupancy increased in each of the first four months of 2026. U.S. occupancy hit 95.2% in April, after rising 20 basis points (bps) since March and a total of 60 bps since bottoming out at the end of 2025.
U.S. prices were up 0.5% in April, marking four consecutive monthly increases between 0.2% and 0.5%. That four months of growth, however, couldn’t wipe out previous declines, leaving April rents 0.4% below year-earlier prices.
Source: RealPage
Multifamily Market News 