A report from Bisnow. "Across the country, developers have been racing to deliver new, highly amenitized urban apartment buildings aimed at the growing population of Millennials looking to rent. But some worry this focus on urban living has forced rents up, and the Millennials being targeted for these buildings are unable to afford them. Seven years ago, average rent was less than $1k. Since it's now that much more expensive to rent an apartment, it follows that young apartment dwellers need to make more than they did in 2009 to keep up with their bills. While median weekly earnings have seen slight growth in the last two years, young people are still making less in real dollars than they were in 2009, and in 2000."

"During that same time period, construction for apartment buildings has been soaring. The number of construction permits issued has grown every year, with 2016 more than tripling the number of permits issued in 2009. 'I personally am a little skittish on buildings with extensive amenity packages and dramatically high operating costs,' DC-based developer and CEO of EagleBank Ron Paul says. 'Does that out-price a lot of Millennials because they can't afford these new buildings?'"

The Post and Courier in South Carolina. "In 2014, real estate tracking service Apartment Guide.com determined that metro Charleston topped the country in planned new apartments, up 8 percent from a year earlier. Now it’s 2016. While comparative numbers aren’t in, 'the last stat I saw was six months ago, 10,000 units would be coming on board,' says John Liberatos, owner of development and property management company RentCharleston. 'Who would have thought we’d have these kinds of numbers in Charleston?'"

"'It seems to be a lot coming on line,' says Elaine Worzala, director of the Carter Real Estate Center at the College of Charleston. She feels the boom could be due to the Lowcountry catching the eye of institutional investors. 'If they overinvest, there’s a tendency for a herd effect.'"

"She acknowledges there’s 'a little bit (of) overbuilding apartments' area wide. But Worzala is skeptical about economists purporting that Gen-Ys and Zs prefer the independence of rental properties. She can imagine 'hipsters' renting luxury apartments with toddlers and young children in tow. 'But this thing (in which) 20-somethings stay in apartments until 40, I don’t buy it,' she says."

10 News in California. "New apartments are going up in San Diego. So why isn't the rent going down? Zillow discovered what's making it more difficult for renters. Since 2014, Zillow found that 64 percent of new apartments were high-end units. Rentals with a median rent of nearly $3,000 a month. Rent of $2,400 is a bit steep for Bush and his family. 'It's almost like a mortgage payment,' said Stephen Bush."

The Denver Business Journal in Colorado. "So are rents in Denver falling or going up? It depends upon whom you ask. According to apartment rental app Zumper, rents are falling by a lot. According to Zumper, the median price of a one-bedroom rental in Denver fell 3.2 percent in the last month to $1,200. That's down 4 percent from a year earlier, according to Zumper. At property management software company Yardi Matrix, it's pointed out that rents are up, but not as much as in the past. 'Rents in Denver have increased 4.7 percent year-over-year after being in the 8 to 10 percent range for most of the last two years. Demand is still strong in Denver, but supply is growing even faster,' according to Yardi Matrix's latest report."

From Multi-Housing News. "Where are the best and worst markets to be a renter, in terms of price as well as quality of life and other factors? According to a report released this week by WalletHub, an oddly large number of the best places to be a renter are in Arizona: Scottsdale (No. 1), as well as Chandler, Tempe, Gilbert, Peoria, Phoenix and Glendale. The only places in the top 10 not in Arizona are Plano, Texas; Las Vegas; and Tampa."

The Real Deal. "Equity Residential lowered its revenue projections amid 'deteriorating' apartment rental markets in San Francisco and New York, the company said on an earnings call. The firm’s CEO David Neithercut called the amount of new rental supply hitting the market in cities like New York and San Francisco troubling. 'It’s disrupting us somewhat,' he said. Despite weakening rents, Neithercut said he has not seen a dip in sales prices for multifamily properties."

KFYR TV in North Dakota. "Housing vacancies continue to rise and occupancies continue to fall in southwestern North Dakota as the oil slump takes its toll. But agencies say market prices are still not economical for low-wage earners.​ ND Housing Finance Agency Executive Director, Jolene Kline, says what seems like a cheap-to-moderate price is still expensive for some. 'So your rents may have went from $2,500, to $1,500, to $1,000. A $1,000 is affordable to a lot more people, but it still isn't affordable to everyone,' says Kline."