RubinBrown Apartment Stats 2025

AVERAGE MONTHLY RENT PER UNIT

QUICK STATS LOW INCOME TAX CREDIT PROJECTS LOW INCOME TAX CREDIT PROJECTS

2021

2020

865

808

107

110

$1,457

$1,298

$1,166

$1,084

$984

$1,084

$984

917

920

4.44

4.48

93.1%

92.9%

2024

2023

2022

2021

2020

41.3%

42.3%

A

B

C

A

B

C

ECONOMIC OCCUPANCY

$13,007

$14.19 (0.98) (0.27) (0.32)

100.0%

$11,804

$12.84 (0.92) (0.17) (0.07)

100.0%

(898) (248) (290)

-6.9% -1.9% -2.2% 89.0%

(843) (160)

-7.1% -1.4% -0.5% 91.0%

90.8%

92.0%

92.5%

93.1%

92.9%

(64)

11,571

12.62

10,737

11.68

1,123

1.23

8.6%

456

0.50

3.9%

$12,694

$13.85

97.6%

$11,193

$12.18

94.9%

2024

2023

2022

2021

2020

$1,235

$1.35

9.5% 6.8% 0.7% 4.6% 7.6%

$1,173

$1.28

9.9% 6.7% 0.7% 4.6% 7.9%

887

0.97 0.11 0.66 1.08

796

0.87 0.09 0.59 1.02

97

82

603 986

538 935

1,890

2.06

14.5%

1,411

1.53

12.0%

GROSS POTENTIAL RENT VS. NET OPERATING INCOME PER SQ. FT.

533 858 362

0.58 0.94 0.40

4.1% 6.6% 2.8%

419 776 325

0.46 0.84 0.35

3.6% 6.6% 2.8%

$7,451

$8.15

57.2%

$6,455

$7.03

54.8%

YEAR GROSS POTENTIAL RENT OPERATING INCOME 2024 $20.41 $6.99 2023 $18.02 $6.07 2022 $15.34 $5.51 2021 $14.19 $5.70 2020 $12.84 $5.15

$5,243

$5.70

40.4%

$4,738

$5.15

40.1%

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