Apartment Rents Could Grow by Up to 4% in Some Markets

“Similarly, some Sun Belt markets have reached or passed peak supply levels and are likely to post rent growth of between 1.5% and 2.5%, said RealPage. Examples include Dallas, Houston, Las Vegas, Orlando, Salt Lake City, South Florida and Tampa. Other Sun Belt markets – including Austin, Charlotte, Phoenix, Raleigh/Durham and San Antonio – are experiencing supply pressure coupled with strong persistent demand that could make it difficult to grow rents at all.“