According to the National Multifamily Housing Council’s latest Rent Payment Tracker report, 76.5% of apartment households made a full or partial rent payment by July 6, based on a monthly survey of 11.7 professionally managed units across the country.
This marks a 0.9 percentage point decrease from the share of renters who paid rent through July 6, 2020, and a 3.2 percentage point drop from July 6, 2019, when 79.7% of renters had made a payment within the first week of the month.
Last month, 77% of renters made a rent payment by the week ending June 6. By the end of June, 95.6% of renters had made a full or partial rent payment. Over the course of 2021, at least 93.2% of renters have made a payment by the end of the month, and the share of renters who have paid is rising with each month that passes.
“With the economic recovery ongoing, unemployment decreasing and most restrictions relating to the pandemic being lifted, these figures highlight the improving financial health and resiliency of multifamily residents in the U.S.,” says Chris Bruen, NMHC director for research. “While challenges remain—construction and material costs persist at high levels and labor is difficult to find at prevailing wages, causing significant construction delays—the multifamily industry is still currently managing to build at a rate not seen in over three decades, providing the nation with deeply needed housing.”
Additional data on all rental unit types can be found through the Census Bureau’s Household Pulse survey.
