Cotality: Single-Family Rent Prices Up 1.5% Year-Over-Year

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Cotality, Irvine, Calif., released its Single-Family Rent Index for June, finding prices increased 1.5% year-over-year, a decrease from last year’s increase of 2.5%.

“National single-family rent growth increased to 1.5% in June, marking the fourth consecutive month of stronger annual gains and the highest growth rate since late 2025,” said Molly Boesel, senior principal economist at Cotality. “While rents are rising a bit faster than they were earlier this year, the market remains much different from the rapid growth environment seen in recent years. Pricing performance continues to vary across both regions and price tiers, with higher-end rentals posting stronger gains than lower-end properties. At the local level, Midwestern markets continue to lead rent price growth, while some Sun Belt markets remain comparatively soft. Overall, June’s results point to a market that is slowly increasing rather than broadly accelerating.”

High-end prices increased by 2.4%, and low-end prices grew 0.4%. Detached rentals increased by 1.4%, and attached rentals increased by 1.6%.

Single-family rent growth was strongest in Chicago, at 5%, followed by Detroit at 3.4%, Philadelphia at 3.2%, New York at 2.8% and Atlanta at 1.2%.

Houston posted a 0.2% decrease, the only negative growth among Cotality’s selected metro areas.

Los Angeles saw the largest slowdown in growth, down from 4.7% to 0.6%.