Cotality: Single-Family Rent Growth Stable

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Cotality, Irvine, Calif., released its Single-Family Rent Index for June, finding that single-family rent prices in the month increased 2.9% from June 2024.

That’s slightly less than the 3.1% average notched last year–Cotality notes that single-family rent growth seems to be stabilizing narrowly below 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.

Broken down by property type, rent prices for high-end properties increased 3.7% year-over-year in June. That compares with a gain of 3.2% in June 2024.

Low-end rent prices were up 1.7% year-over-year, down from 3% in June 2024.

For detached rentals, prices grew by 2.6% and for attached they grew 2.4%.

Looking by location, Chicago saw the highest rent growth, at 5.7% year-over-year. No. 2 was New York-New Jersey-White Plains, N.Y.-N.J., with single-family rent growth at 5.5%. Also in the top five were Philadelphia, Los Angeles and Detroit.

“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,” Boesel said. “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.”

Miami had the lowest rent growth year-over-year, falling 0.5% in June.