{"id":34611,"date":"2015-11-19T06:45:59","date_gmt":"2015-11-19T14:45:59","guid":{"rendered":"http:\/\/www.rentcafe.com\/blog\/?p=34611"},"modified":"2015-11-19T07:34:31","modified_gmt":"2015-11-19T15:34:31","slug":"the-average-rental-rate-shows-zero-growth-for-the-first-time-in-2015","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/the-average-rental-rate-shows-zero-growth-for-the-first-time-in-2015\/","title":{"rendered":"The Average Rental Rate Shows Zero Growth for the First Time in 2015"},"content":{"rendered":"

As expected, the national rental market has finally cooled down. October was the first month in 2015 that the average monthly rent did not grow – at $1,166, it stayed approximately the same as last month<\/a><\/strong>. According to data from Yardi Matrix<\/a>, this isn\u2019t necessarily a sign that growth is weakening overall, but it may be a sign that the beginning of a growth new cycle is upon us.<\/p>\n

\"USl<\/p>\n

Even with rent prices stagnating in October, the increase over last year at this time is 6.7%<\/strong>. When you consider that over the last eight years rent has gone up by 2.8% on average, it\u2019s easy to see that these gains are significantly higher even with one month without growth. Rankings of the top 30 markets didn\u2019t change much in October compared to the month before.<\/p>\n

\"US<\/p>\n