Rent collections in market-rate apartments stagnate in October

Rental payments for market-rate apartments are holding steady from September, but down slightly from last year. The National Multifamily Housing Council’s monthly payment tracker, which collects data on collections in 11.4 million market-rate units, found that 90.6 percent of those households paid some rent by Oct. 20. In 2019, about 200,000 more of those households paid rent. In September, only 76.4 percent of those households made a rent payment in the first week of the