Landlords in the US saw the average vacancy rate for the countrys top 67 metropolitan apartment markets decline to an average of 6.4% in the during the April to June period, down from 6.6% during the previous quarter. The findings were revealed in a new report conducted by Reis Inc.

Rents, meanwhile, climbed an average of 0.5% to $883 a month during the second quarter. Looking at individual apartment markets, those that posted the greatest vacancy-rate declines in the quarter included Louisville, Miami, Omaha, Sacramento, and Las Vegas.