Cotality: Single-Family Rent Growth Weakens in July

(Image courtesy of Rubaiya Sharif/pexels.com)

Cotality, Irvine, Calif., released its Single-Family Rent Index for July, finding that prices increased just 2.3% year-over-year.

That tracks below the 3.1% average increase a year ago.

Prices for high-end single-family rental properties were up 2.9% year-over-year, compared with 3.2% in July 2024.

Low-end rent prices were up 1.6% year-over-year, compared with 2.8% in July 2024.

Rent for detached properties grew by 2.2%. For attached rentals, it was up by 1.8% annually.

“After a strong start to the year, single-family rent growth is clearly losing steam,” said Molly Boesel, senior principal economist at Cotality. “In July, we broadly saw weakening in annual single-family rent growth across metro areas and price tiers. The monthly growth rate came in at just 0.2%, well below the historical July average of 0.7%, and is a notable shift from the stronger-than-usual monthly gains recorded earlier in 2025. Even markets like Los Angeles, which had been buoyed by post-wildfire demand, are now cooling off. Chicago stands out as the exception, leading the nation in rent growth amid tight inventory and resilient demand.”

Among the 10 largest metro areas, Chicago saw 5.1% rent growth year-over-year. At the bottom of that list was Miami, where growth was flat.