RubinBrown Apartment Stats 2025

AVERAGE MONTHLY RENT PER UNIT

QUICK STATS MARKET RATE MARKET RATE

2021

2020

12

10

164

164

$1,385

$1,298

$1,206

$1,191

$1,102

$1,191

$1,102

1,087

1,087

4.19

4.19

96.5%

98.6%

2024

2023

2022

2021

2020

46.8%

45.0%

A

B

C

A

B

C

ECONOMIC OCCUPANCY

$14,292

$13.15 (0.46) (0.12) (0.88)

100.0%

$13,227

$12.17 (0.17) (0.01) (0.03)

100.0%

(501) (130) (958)

-3.5% -0.9% -6.7% 88.9%

(188)

-1.4% -0.1% -0.3% 98.2%

(15) (34)

94.2%

95.0%

96.8%

96.5%

98.6%

12,703

11.69

12,990

11.96

1,307

1.20

9.1%

205

0.19

1.6%

$14,010

$12.89

98.0%

$13,195

$12.15

99.8%

2024

2023

2022

2021

2020

$1,346

$1.24

9.4% 3.1% 1.3% 4.0% 7.7%

$1,264

$1.16

9.6% 3.1% 2.1% 4.3% 8.1%

445 183 568

0.41 0.17 0.52 1.01

407 271 570

0.37 0.25 0.52 0.98

1,103

1,065

2,033

1.87

14.2%

1,866

1.72

14.1%

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

478

0.44 1.05 0.15

3.3% 8.0% 1.1%

434

0.40 1.12 0.14

3.3% 9.2% 1.2%

1,142

1,221

161

157

$7,459

$6.86

52.1%

$7,254

$6.65

55.0%

YEAR GROSS POTENTIAL RENT OPERATING INCOME 2024 $15.28 $5.51 2023 $14.33 $5.37 2022 $13.31 $5.65 2021 $13.15 $6.03 2020 $12.17 $5.50

$6,551

$6.03

45.9%

$5,941

$5.50

44.8%

15