Press Release
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August 21, 2025
Single-family rent growth stabilizes at new post-pandemic average
U.S. single-family rent prices increased 2.9% year over year in June 2025.
- Single-family rent growth appears to have found its new level at just shy of 3% growth in 2025.
- Rent growth weakened in most large metros in June compared with year-ago growth. New York, Philadelphia, and Los Angeles are exceptions to this trend.
- Monthly growth rates have been above the seasonal trend for nearly every month in 2025.
IRVINE, Calif., August 21, 2025 – Cotality, a leading global property information, analytics, and data-enabled solutions provider, released its latest Single-Family Rent Index (SFRI) for June 2025, which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rent prices in June 2025 increased 2.9% from June 2024, slightly less than the 3.1% average increase a year ago. Single-family rent growth appears to have stabilized slightly under the pre-pandemic average.
“Annual single-family rent growth appears to have stabilized just shy of 3% in 2025, approaching the long-run average of 3.4% seen before the pandemic. The monthly growth rate in June was close to the historical average for that month and has been above the seasonal trend for nearly every month of 2025,” said Molly Boesel, Cotality senior principal economist. “While rent growth weakened in most large metropolitan areas in June, exceptions included New York, Philadelphia, and Los Angeles. In Los Angeles, increased rent growth is likely due to the dissipating effects of the January wildfires. The rising rent growth in Northeast markets like New York and Philadelphia could be a spillover effect from the home sales market, where strengthening home prices may be pricing out potential buyers.”
Rent prices for high-end properties increased 3.7% year over year in June 2025, a pickup from the year-over-year gain of 3.2% in June 2024. Low-end rent prices increased 1.7% year over year in June 2025, a drop off from the 3% gain in June 2024.
Rent for detached rentals grew by 2.6%, and attached rental rates rose by 2.4% in June 2025.
Chicago saw the highest rent growth, moving to the top of the SFRI at 5.7% in June 2025. New York-New Jersey-White Plains, NY-NJ dropped to the second spot with rent growth at 5.5%. Philadelphia, Los Angeles, and Detroit round out the top five locations with rent growth. Miami had the lowest rent growth recorded in June 2025 at -0.5%. Dallas moved out of the bottom spot, but only saw rent growth of 0.5%.
The next Cotality Single-Family Rent Index will be released on September 18, featuring data for July 2025. For ongoing housing trends and data, visit the Cotality Insights blog: www.cotality.com/insights.
Methodology
The Cotality Single-Family Rent Index (SFRI) applies a repeat pairing methodology to single-family rental listing data in the Multiple Listing Service. The rental listings used to calculate the index include both attached and detached single-family homes, as well as condominiums. This report shows trends for the U.S. and the largest 10 U.S. metropolitan areas. In addition to these 10 metros, the Cotality SFRI is available for close to 100 metropolitan areas — including approximately 50 metros with four value tiers — and a national composite index. The indices are fully revised with each release to signal turning points sooner.
The Cotality Single-Family Rent Index analyzes data across four price tiers: Lower-priced, which represent rentals with prices 75% or below the regional median; lower-middle, 75% to 100% of the regional median; higher-middle, 100%-125% of the regional median; and higher-priced, 125% or more above the regional median.
Median rent price data is produced monthly by Cotality Rental Trends. Rental Trends is built on a database of more than 11 million rental properties (over 75% of all U.S. individually owned rental properties) and covers all 50 states and 17,500 ZIP codes.
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About Cotality
Cotality accelerates data, insights, and workflows across the property ecosystem to enable industry professionals to surpass their ambitions and impact society. With billions of real-time data signals across the life cycle of a property, we unearth hidden risks and transformative opportunities for agents, lenders, carriers, and innovators. Get to know us at www.cotality.com.
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