Apartment Rent Payments Hit 90.6% as of October 20

The National Multifamily Housing Council reports that 90.6% of households living in the country’s stock of professionally-managed market-rate apartment properties have paid rent for October as of the 20th. The latest results fall 1.8 percentage points under the 92.4% payment level recorded through October 20, 2019. Following the pattern seen historically, RealPage stats again show stronger collections in the Class A and B product sectors than in Class C properties, reflecting that more households live paycheck to paycheck in that Class C block of properties.