{"success":true,"data":{"pressRelease":{"id":"35105","rtpr_id":"nBwbHtx5wa","ticker":"CSGP","exchange":"NASDAQ","all_tickers":["CSGP"],"title":"Apartments.com Launches RentPulse, New Quarterly Index Highlighting the Deeply Divided Rental Market","author":"Business Wire","published_at":"2026-05-14T13:00:02.653Z","article_body":"Apartments.com Launches RentPulse, New Quarterly Index Highlighting the Deeply\nDivided Rental Market\n\nThe index measures the real-world financial and behavioral health of renters\nacross America, highlighting widening regional disparities in affordability,\ndemand, and renter leverage\n\nToday, Apartments.com, an industry-leading online marketplace of CoStar Group,\nInc. (NASDAQ: CSGP), released its inaugural Apartments.com RentPulse Index\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.apartments.com%2Fblog%2Frentpulse-index&esheet=54535850&newsitemid=20260514036911&lan=en-US&anchor=Apartments.com+RentPulse+Index&index=1&md5=86501ea32a6766b72ee284a31e5fd232)\n, a new quarterly measure designed to track the financial and behavioral\nhealth of renters across the United States. Unlike traditional rent reports\nthat focus solely on pricing, the RentPulse Index synthesizes proprietary\nApartments.com and CoStar Group data into a recurring framework that measures\nrenter conditions, including affordability stress, behavioral shifts,\nconcessions, supply pressure and demand trends.\n\nThe first quarter 2026 findings reveal a rental market increasingly defined by\nregional extremes as renters in supply-heavy Sun Belt markets are gaining\nleverage through falling rents and widespread concessions. At the same time,\nrenters in constrained coastal and Northeastern markets continue to face\nrising prices, leaving many renters facing higher renewal costs and\naffordability pressure.\n\nAffordability Gaps are Reaching Extremes\n\nRentPulse findings indicate that while the national rent-to-income ratio\nremains relatively balanced at 23.3%, renters in many major coastal markets\nare spending far beyond the commonly recommended 30% threshold. For example,\nin New York City, the average renter earning the city’s median household\nincome would need to spend nearly 70% of their income on a one-bedroom\napartment.\n\nFour of New York’s five boroughs accounted for the Top 10 Least Affordable\nMajor Rental Markets with the majority of rent burdened metros concentrated in\nthe Northeast. Cities in Texas and the Midwest offer more affordable options,\nwith rent-to-income ratios under 25%. The widening gap highlights how location\nincreasingly determines whether renters are financially stretched or able to\nmaintain flexibility in their housing budgets.\n Least Affordable Major Rental Markets          Most Affordable Major Rental Markets  \n New York, NY: 69.3%                            Colorado Springs, CO: 16.5%           \n Queens, NY: 54.7%                              Austin, TX: 20.3%                     \n Brooklyn, NY: 51.1%                            Seattle, WA: 21.8%                    \n Miami, FL: 51.0%                               Raleigh, NC: 21.9%                    \n Boston, MA: 50.4%                              Portland, OR: 21.9%                   \n Bronx, NY: 44.8%                               Arlington, VA: 21.9%                  \n Jersey City, NJ: 44.3%                         Fort Worth, TX: 22.2%                 \n Philadelphia, PA: 39.1%                        Phoenix, AZ: 22.2%                    \n Chicago, IL: 35.4%                             Indianapolis, IN: 22.6%               \n Los Angeles, CA: 35.4%                         San Antonio, TX, Denver, CO: 22.9%    \n\n\nRent Concessions Surge in Sun Belt Cities\n\nApproximately 41.2% of multifamily properties nationwide currently offer rent\nconcessions, a 9.9 percentage point increase over 2025. The national\nconcession rate rose to 2.0% in Q1 2026, up from 1.8% last year, meaning\nrenters are paying an average of 2% less than advertised due to incentives.\nFort Myers posted the deepest concessions at 5.3%, followed by Asheville, N.C.\n(4.4%), Denver (4.0%), Austin (3.9%) and Phoenix (3.8%).\n\nEffective rents are falling in ways that headline numbers don't capture,\nparticularly across Sun Belt markets still absorbing the 2023–2025 supply\nsurge:\n\n\n * Sarasota: 81.8% of properties offer concessions, and nearly half are\nadvertising two months free, among the most aggressive discounting in the\ncountry.\n\n * Charlotte: More than half of properties (51.2%) now offer concessions, a\n13.8-point jump in a single year.\n\n * Austin: Now the 12th-largest city in the U.S., but facing a glut with ~700\nproperties are offering concessions, with over 60% advertising one to two\nmonths free.\n\n * San Antonio: In March, it posted the highest vacancy rate among the 50 largest\nU.S. metros—a sign of just how far supply has outpaced demand.\n\n * Phoenix: A paradox and one of the hottest economic markets in the country, yet\nstill seeing rising inventory, elevated vacancies, and widespread concessions.\n\nThe Rental Market is Splitting Along Regional Lines\n\nThe RentPulse Index found that coastal and Northeastern markets continue to\nsee upward rent pressure, while many Sun Belt markets experience the opposite\ndynamic as supply still outpaces demand. Renters in these markets are facing\nsome of the sharpest affordability pressures nationally:\n\n\n * San Francisco, CA: Average one-bedroom rents increased 8.2% year over year to\n$3,351, fueled by demand tied to AI and tech sector growth.\n\n * Rhode Island: Rents climbed 2.7% as affordability pressures in neighboring\nMassachusetts continue pushing renters into the state.\n\n * Hampton Roads, VA: Norfolk, Virginia Beach and Newport all recorded rent\ngrowth above 3% following a slowdown in new apartment deliveries.\n\nBy contrast, many Sun Belt markets are still working through a surge in new\nsupply delivered over the past several years, with rent declines remaining\nconcentrated in the region:\n\n\n * Texas: Statewide rents declined 2.1% year over year, with Austin and San\nAntonio posting some of the steepest drops nationally.\n\n * Florida: Rents fell 1.6% statewide as pandemic-era migration, with Gulf Coast\nmarkets such as Fort Myers, Sarasota and Tampa seeing some of the steepest\ndrops.\n\n * The Carolinas: Cities including Charlotte, Raleigh, Durham and Greenville\ncontinue absorbing large waves of new inventory, putting downward pressure on\nrents.\n\nLooking ahead, supply conditions are expected to remain the primary driver of\nmarket performance. The Apartments.com RentPulse Index will continue tracking\nthese shifts each quarter, offering a clearer picture of how renters are\nnavigating an increasingly uneven housing landscape.\n\nThe full report is available at\nhttps://www.apartments.com/blog/rentpulse-index\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.apartments.com%2Fblog%2Frentpulse-index&esheet=54535850&newsitemid=20260514036911&lan=en-US&anchor=https%3A%2F%2Fwww.apartments.com%2Fblog%2Frentpulse-index&index=2&md5=663456dad6759cba5e0819fa429b5a22)\n.\n\nAbout CoStar Group\n\nCoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in\ncommercial real estate information, analytics, online marketplaces, and 3D\ndigital twin technology. Founded in 1986, CoStar Group is dedicated to\ndigitizing the world’s real estate, empowering all people to discover\nproperties, insights, and connections that improve their businesses and lives.\n\nCoStar Group’s major brands include CoStar, a leading global provider of\ncommercial real estate data, analytics, and news; LoopNet, the most trafficked\ncommercial real estate marketplace; Apartments.com, the leading platform for\napartment rentals; Homes.com, the fastest-growing residential real estate\nmarketplace; and Domain, one of Australia’s leading property marketplaces.\nCoStar Group’s industry-leading brands also include Matterport, a leading\nspatial data company whose platform turns buildings into data to make every\nspace more valuable and accessible; STR, a global leader in hospitality data\nand benchmarking; Ten-X, an online platform for commercial real estate\nauctions and negotiated bids; and OnTheMarket, a leading residential property\nportal in the United Kingdom.\n\nCoStar Group’s websites attracted 131 million average monthly unique\nvisitors in the first quarter of 2026, serving clients around the world.\nHeadquartered in Arlington, Virginia, CoStar Group is committed to\ntransforming the real estate industry through innovative technology and\ncomprehensive market intelligence. From time to time, we plan to utilize our\ncorporate website as a channel of distribution for material company\ninformation. For more information, visit CoStarGroup.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2FCoStarGroup.com&esheet=54535850&newsitemid=20260514036911&lan=en-US&anchor=CoStarGroup.com&index=3&md5=436e5c8f1a45020e9bb00d169524adb9)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260514036911/en/\n(https://www.businesswire.com/news/home/20260514036911/en/)\n\nMedia Contact:\n\nMatthew Blocher\n\nVice President, Corporate Marketing & Communications\n\nCoStar Group\n\n(202) 346-6775\n\nmblocher@costar.com (mailto:mblocher@costar.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwbHtx5wa","title":"Apartments.com Launches RentPulse, New Quarterly Index Highlighting the Deeply Divided Rental Market","author":"Business Wire","ticker":"CSGP","created":"2026-05-14T13:00:02.653Z","tickers":["CSGP"],"exchange":"NASDAQ","article_body":"Apartments.com Launches RentPulse, New Quarterly Index Highlighting the Deeply\nDivided Rental Market\n\nThe index measures the real-world financial and behavioral health of renters\nacross America, highlighting widening regional disparities in affordability,\ndemand, and renter leverage\n\nToday, Apartments.com, an industry-leading online marketplace of CoStar Group,\nInc. (NASDAQ: CSGP), released its inaugural Apartments.com RentPulse Index\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.apartments.com%2Fblog%2Frentpulse-index&esheet=54535850&newsitemid=20260514036911&lan=en-US&anchor=Apartments.com+RentPulse+Index&index=1&md5=86501ea32a6766b72ee284a31e5fd232)\n, a new quarterly measure designed to track the financial and behavioral\nhealth of renters across the United States. Unlike traditional rent reports\nthat focus solely on pricing, the RentPulse Index synthesizes proprietary\nApartments.com and CoStar Group data into a recurring framework that measures\nrenter conditions, including affordability stress, behavioral shifts,\nconcessions, supply pressure and demand trends.\n\nThe first quarter 2026 findings reveal a rental market increasingly defined by\nregional extremes as renters in supply-heavy Sun Belt markets are gaining\nleverage through falling rents and widespread concessions. At the same time,\nrenters in constrained coastal and Northeastern markets continue to face\nrising prices, leaving many renters facing higher renewal costs and\naffordability pressure.\n\nAffordability Gaps are Reaching Extremes\n\nRentPulse findings indicate that while the national rent-to-income ratio\nremains relatively balanced at 23.3%, renters in many major coastal markets\nare spending far beyond the commonly recommended 30% threshold. For example,\nin New York City, the average renter earning the city’s median household\nincome would need to spend nearly 70% of their income on a one-bedroom\napartment.\n\nFour of New York’s five boroughs accounted for the Top 10 Least Affordable\nMajor Rental Markets with the majority of rent burdened metros concentrated in\nthe Northeast. Cities in Texas and the Midwest offer more affordable options,\nwith rent-to-income ratios under 25%. The widening gap highlights how location\nincreasingly determines whether renters are financially stretched or able to\nmaintain flexibility in their housing budgets.\n Least Affordable Major Rental Markets          Most Affordable Major Rental Markets  \n New York, NY: 69.3%                            Colorado Springs, CO: 16.5%           \n Queens, NY: 54.7%                              Austin, TX: 20.3%                     \n Brooklyn, NY: 51.1%                            Seattle, WA: 21.8%                    \n Miami, FL: 51.0%                               Raleigh, NC: 21.9%                    \n Boston, MA: 50.4%                              Portland, OR: 21.9%                   \n Bronx, NY: 44.8%                               Arlington, VA: 21.9%                  \n Jersey City, NJ: 44.3%                         Fort Worth, TX: 22.2%                 \n Philadelphia, PA: 39.1%                        Phoenix, AZ: 22.2%                    \n Chicago, IL: 35.4%                             Indianapolis, IN: 22.6%               \n Los Angeles, CA: 35.4%                         San Antonio, TX, Denver, CO: 22.9%    \n\n\nRent Concessions Surge in Sun Belt Cities\n\nApproximately 41.2% of multifamily properties nationwide currently offer rent\nconcessions, a 9.9 percentage point increase over 2025. The national\nconcession rate rose to 2.0% in Q1 2026, up from 1.8% last year, meaning\nrenters are paying an average of 2% less than advertised due to incentives.\nFort Myers posted the deepest concessions at 5.3%, followed by Asheville, N.C.\n(4.4%), Denver (4.0%), Austin (3.9%) and Phoenix (3.8%).\n\nEffective rents are falling in ways that headline numbers don't capture,\nparticularly across Sun Belt markets still absorbing the 2023–2025 supply\nsurge:\n\n\n * Sarasota: 81.8% of properties offer concessions, and nearly half are\nadvertising two months free, among the most aggressive discounting in the\ncountry.\n\n * Charlotte: More than half of properties (51.2%) now offer concessions, a\n13.8-point jump in a single year.\n\n * Austin: Now the 12th-largest city in the U.S., but facing a glut with ~700\nproperties are offering concessions, with over 60% advertising one to two\nmonths free.\n\n * San Antonio: In March, it posted the highest vacancy rate among the 50 largest\nU.S. metros—a sign of just how far supply has outpaced demand.\n\n * Phoenix: A paradox and one of the hottest economic markets in the country, yet\nstill seeing rising inventory, elevated vacancies, and widespread concessions.\n\nThe Rental Market is Splitting Along Regional Lines\n\nThe RentPulse Index found that coastal and Northeastern markets continue to\nsee upward rent pressure, while many Sun Belt markets experience the opposite\ndynamic as supply still outpaces demand. Renters in these markets are facing\nsome of the sharpest affordability pressures nationally:\n\n\n * San Francisco, CA: Average one-bedroom rents increased 8.2% year over year to\n$3,351, fueled by demand tied to AI and tech sector growth.\n\n * Rhode Island: Rents climbed 2.7% as affordability pressures in neighboring\nMassachusetts continue pushing renters into the state.\n\n * Hampton Roads, VA: Norfolk, Virginia Beach and Newport all recorded rent\ngrowth above 3% following a slowdown in new apartment deliveries.\n\nBy contrast, many Sun Belt markets are still working through a surge in new\nsupply delivered over the past several years, with rent declines remaining\nconcentrated in the region:\n\n\n * Texas: Statewide rents declined 2.1% year over year, with Austin and San\nAntonio posting some of the steepest drops nationally.\n\n * Florida: Rents fell 1.6% statewide as pandemic-era migration, with Gulf Coast\nmarkets such as Fort Myers, Sarasota and Tampa seeing some of the steepest\ndrops.\n\n * The Carolinas: Cities including Charlotte, Raleigh, Durham and Greenville\ncontinue absorbing large waves of new inventory, putting downward pressure on\nrents.\n\nLooking ahead, supply conditions are expected to remain the primary driver of\nmarket performance. The Apartments.com RentPulse Index will continue tracking\nthese shifts each quarter, offering a clearer picture of how renters are\nnavigating an increasingly uneven housing landscape.\n\nThe full report is available at\nhttps://www.apartments.com/blog/rentpulse-index\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.apartments.com%2Fblog%2Frentpulse-index&esheet=54535850&newsitemid=20260514036911&lan=en-US&anchor=https%3A%2F%2Fwww.apartments.com%2Fblog%2Frentpulse-index&index=2&md5=663456dad6759cba5e0819fa429b5a22)\n.\n\nAbout CoStar Group\n\nCoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in\ncommercial real estate information, analytics, online marketplaces, and 3D\ndigital twin technology. Founded in 1986, CoStar Group is dedicated to\ndigitizing the world’s real estate, empowering all people to discover\nproperties, insights, and connections that improve their businesses and lives.\n\nCoStar Group’s major brands include CoStar, a leading global provider of\ncommercial real estate data, analytics, and news; LoopNet, the most trafficked\ncommercial real estate marketplace; Apartments.com, the leading platform for\napartment rentals; Homes.com, the fastest-growing residential real estate\nmarketplace; and Domain, one of Australia’s leading property marketplaces.\nCoStar Group’s industry-leading brands also include Matterport, a leading\nspatial data company whose platform turns buildings into data to make every\nspace more valuable and accessible; STR, a global leader in hospitality data\nand benchmarking; Ten-X, an online platform for commercial real estate\nauctions and negotiated bids; and OnTheMarket, a leading residential property\nportal in the United Kingdom.\n\nCoStar Group’s websites attracted 131 million average monthly unique\nvisitors in the first quarter of 2026, serving clients around the world.\nHeadquartered in Arlington, Virginia, CoStar Group is committed to\ntransforming the real estate industry through innovative technology and\ncomprehensive market intelligence. From time to time, we plan to utilize our\ncorporate website as a channel of distribution for material company\ninformation. For more information, visit CoStarGroup.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2FCoStarGroup.com&esheet=54535850&newsitemid=20260514036911&lan=en-US&anchor=CoStarGroup.com&index=3&md5=436e5c8f1a45020e9bb00d169524adb9)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260514036911/en/\n(https://www.businesswire.com/news/home/20260514036911/en/)\n\nMedia Contact:\n\nMatthew Blocher\n\nVice President, Corporate Marketing & Communications\n\nCoStar Group\n\n(202) 346-6775\n\nmblocher@costar.com (mailto:mblocher@costar.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-14T13:00:02.917978046Z","server_sent_at_ms":1778763602917},"received_at":"2026-05-14T13:00:03.071Z","source_url":"https://www.businesswire.com/news/home/20260514036911/en/"},"analysis":null,"durationMs":null,"modelName":null}}