Apartment construction boom brings limited rent relief

An apartment construction boom is starting to make a small difference in rents nationally and in some states after rents spiked in 2021 and 2022, according to a Stateline analysis of Apartment List data. Rents in every state are still sharply higher than in 2020, however.

An apartment construction boom is starting to make a small difference in rents nationally and in some states after spiking in 2021 and 2022, according to a Stateline analysis of Apartment List data. Rents in every state are still sharply higher than in 2020, however.
Rent information for Vermont and West Virginia are not included because Apartment List did not have enough information from those states.
Chart: Tim Henderson/StatelineSource: Apartment List Get the dataEmbed Created with Datawrapper