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NMHC Rent Payment Tracker Finds 78.4 Percent of Apartment Households Paid Rent as of October 6
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.4 percent of apartment households made a full or partial rent payment by October 6 in its survey of 11.8 million units of professionally managed apartment units across the country.
This is a 1.0 percentage point decrease from the share who paid rent through October 6, 2020 and compares to 79.4 percent that had been paid by October 6, 2019. This data encompasses a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
"The uneven economic recovery and recent natural disasters are likely playing a role in the decrease of rent payments over the last month,” said Doug Bibby, NMHC President. “Accordingly, it is that much more urgent that rental assistance funds are distributed as quickly as possible to renters and housing providers in need."
Rent Payment Tracker data is updated on the 2nd business day after the 6th of the month. The next update will be at 10:00am ET, November 9, 2021. Data for the Rent Payment Tracker will continue monthly until end of month December 2021.
Explore the Data
**Unit counts may change to reflect refinements to the methodologies and changing occupancy levels due to move in-move out activity.
* These figures are as initially reported; these are calendar days, so the specific day of the week can have an affect on these reported figures, as leasing offices can have reduced hours or be closed on those days, creating potential delays for payment processing.
Resources from our PMS Providers
(Includes some regional data)
- Market Insights: The Impact of COVID-19 on the Multifamily Industry, Summer 2021 | Report - Download Here
- MRI Market Insights: 2021 Multifamily Industry Trends Report | Download Here
- Apartment Rent Payment Challenges Linger in a Few Spots | Article 10/4/21
- September Rent Payments Mostly Get Back on Track | Article 9/15/21
- Holiday Weekend and Severe Weather Derail Rent Payments | Article 9/8/21
The NMHC Rent Payment Tracker is a cumulative data tool. Approximately every other week, the PMS providers submit two data points to NMHC: the percentage of apartment households that paid their rent for a specific time period and the total number of occupied units in their data universe (see exclusions listed above). Data is submitted on the following schedule: week one: from the first day of the month through COB on the 6th and from the 1st through the last day of the month, giving us a monthly data point for the “percent who paid”. To recap, the “percent who paid” number will increase each week, until we reach our final “percent who paid” number for the month (see below for how partial rent payments are addressed).
When establishing the initial dates for the Rent Payment Tracker, NMHC wanted to track when rent was officially "late" and used the close of business on the 5th as that date. After consultation with property managers and data providers we were informed that a variety of dates are used to determine when rent is considered late, with some saying rent isn't late until as late as the 10th. In addition, those that use the 5th as their deadline reported that many people pay on the last day possible and that some of those payments aren't posted until the 6th. Based on this information, NMHC adjusted its methodology to make the close of business on the 6th the deadline for the first week. Moving this date also moved all other reporting dates by one day.
|Release Date||Number of Units||NMHC Press Release|
|June 8, 2021||11.7 million||Press Release - June 8|
|May 10, 2021||11.7 million||Press Release - May 10|
|April 8, 2021||11.6 million||Press Release - April 8|
|March 9, 2021||11.6 million||Press Release - March 9|
|February 9, 2021||11.6 million||Press Release - February 9|
|January 8, 2021||almost 11.3 million||Press Release - January 8|
|December 8, 2020||11.5 million||Press Release - December 8|
The NMHC Rent Tracker is Powered by:
Download the Data
This spreadsheet is updated each month with cumualtive data starting from April 1, 2020.
Rent Payment Tracker data is updated on the 2nd business day after the 6th of the month. The next update will be at 10:00am ET, November 9, 2021.
Download the data | XLS (updated 10/8/2021)
FAQs about the NMHC Rent Payment Tracker data
Rent Payment Tracker Webinars
The June 8, 2021 Rent Payment Tracker webinar was the final webinar in the series. View previous Rent Payment Tracker Webinar Recordings.