Single-family rents continue upward trends across a majority of US
Press Release
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May 22, 2025
IRVINE, Calif., May 22, 2025 – Cotality, a leading global property information, analytics, and data-enabled solutions provider, released its latest Single-Family Rent Index (SFRI) for March 2025, which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rent prices continued trending upward for the third month in a row, increasing 2.9% year over year. This is a slight increase from March 2024, when rent prices grew 2.8% year over year.
“Single-family rent growth picked up for the third consecutive month in March, appearing to have bottomed out in December of last year,” said Molly Boesel, Cotality senior principal economist. “National trends are firming. Markets with large numbers of new rental units coming online showed softness in single-family rents, as these new units give renters some bargaining power. This can be seen in the single-family rent growth in Dallas, which showed an annual decrease of 0.5% in March.”
Rent prices for high-end properties increased 3.5% year over year in March 2025, an increase from the gain of 2.9% year over year in March 2024. In contrast, low-end rent prices only increased 2.1% year over year in March 2025, which is a drop off from the gain of 2.7% seen in March 2024.
Rent for both detached and attached rentals grew by 2.8% in March 2025.
Rent growth remained high in Los Angeles following the January wildfires, topping the SFRI at 6.8% in March 2025. Washington, D.C. was not far behind at 6%. The lowest rent growth in the nation was in Dallas where it declined -0.5% for March. This is most likely due to an increase in available rentals. Rent growth continued to stay low in Miami at 1.5%.
The next Cotality Single-Family Rent Index will be released June 19, featuring data for April 2025. For ongoing housing trends and data, visit the Cotality Insights blog: www.cotality.com/insights.
Data source: Cotality, 2025
Data source: Cotality, 2025
Data source: Cotality, 2025
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 47 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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