Key Takeaways U.S. apartment rents fell 0.3% in Q3 2025, marking the first July-September decline since 2009.High supply and slower job growth pushed occupancy down to 95.4%, ending five quarters of gains.AvalonBay, Equity Residential, Essex and UDR are still expected to see modest revenue and FFO growth in Q3.After two years of robust growth, the U.S. apartment market has finally hit a pause, with rent growth slipping into negative territory in the third quarter of 2025. According to RealPage data, effecti ...