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While America’s rental market remained relatively favorable to renters, apartment availability may tighten in the coming months as the wave of multi-unit-home construction is receding, according to a July 23 report from Zillow.
Nationwide, the median rent inched up 2.2 percent to $1,965 year over year in June, the report said.
Rent growth strengthened over the past three months, with April, May, and June posting stronger month-over-month gains than the same period in 2025.
At the same time, 39.7 percent of listings on Zillow offered a concession for apartment seekers, up from 35.2 percent a year ago.
The report indicates new construction, particularly in southern and western regions, has added a wealth of multifamily inventory over the past few years, giving renters more choices on where to live….
Nationwide, the median rent inched up 2.2 percent to $1,965 year over year in June, the report said.
Rent growth strengthened over the past three months, with April, May, and June posting stronger month-over-month gains than the same period in 2025.
At the same time, 39.7 percent of listings on Zillow offered a concession for apartment seekers, up from 35.2 percent a year ago.
The report indicates new construction, particularly in southern and western regions, has added a wealth of multifamily inventory over the past few years, giving renters more choices on where to live….
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