Rent growth has slowed significantly since the massive hikes of 2020-2023, but could we be close to another major rebound? A surge in multifamily supply has led many apartments to offer discounted rents, move-in and renewal concessions, and other perks to attract renters. Renters currently have the upper hand, but what happens when the supply-demand balance shifts—and less than half the usual new supply comes online?

Dave is answering that question in this May 2025 rent update. We’ll walk through which cities have rising rents, which are seeing declines, multifamily vs. single-family rents, and a new (optimistic) 2025–2026 rent forecast that could change everything for landlords. Single-family rentals are already in decent demand, so what happens when those cheaper multifamily apartments reach maximum occupancy?

This could be great news for landlords and real estate investors, but the general public is NOT paying attention. If rental demand stays steady but supply drops off a cliff, you could stand to benefit. We’re getting into that, and more, in this episode!