Skyline of Nashville Nashville’s decline in occupancy rates and percentage of new apartment deliveries were the highest in the nation for 2017.

SANTA BARBARA, CA—Multifamily rents averaged $1,359 per month nationally at year’s end, the same dollar amount that Yardi Matrix’s monthly survey of 121 markets reported for November. On a year-over-year basis, rents in December were up 2.5%, an increase of 20 basis points from the previous month.