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!

In This Episode We Cover

New May 2025 rent growth update and single-family vs. multifamily numbers

The huge investor opportunity for 2026 as multifamily supply dries up

Cities with rising rents that very few investors would have predicted

An optimistic rent growth forecast (and whether Dave believes it)

Surprisingly expensive markets that are seeing rents grow EVEN more

And So Much More!

Links from the Show

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Property Manager Finder

Rental Demand is Surging 3x Faster Than Homeownership—Here’s How to Catch the Wave

Dave's BiggerPockets Profile

Grab Dave’s Book, “Real Estate by the Numbers”

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