Independent landlords’ on-time rent payments rose to 86.3% in April 2025, extending March’s gain, per RentRedi and Chandan Economics’ monthly report.
Quick Answer
On-time rent payments among independent landlords rose 45 basis points (bps) to 86.3% in April 2025, following a 52 bp gain in March, according to the Chandan Economics-RentRedi Independent Landlord Rental Performance Report. RentRedi’s first estimate also put payments 8 bps above a year earlier, though later data did not keep that annual gain. The Chandan Economics-RentRedi forecast full-payment rate slid 26 bps to 95.5%.
Wondering how on-time rent payments are faring across the nation? Here is what RentRedi and Chandan Economics found for April 2025, and how it compares with where the series stands today.
Key Takeaways on Rental Performance for April 2025
The Chandan Economics-RentRedi report found five things:
- RentRedi’s data shows the on-time payment rate in independently operated units rose 45 bps to 86.3%.
- RentRedi’s first estimate put on-time payments 8 bps above a year earlier, the first annual gain since July 2023.
- The Chandan Economics-RentRedi forecast full-payment rate slid 26 bps to 95.5%, still the second highest in six months.
- In RentRedi’s data, Western states led, with Utah (95.4%), Idaho (93.0%), Alaska (92.3%), Wyoming (92.2%), and New Mexico (92.2%) in the top five.
- By property type, RentRedi’s data shows 2-4 unit rentals led at 87.0%, ahead of single-family (86.5%) and multifamily (86.2%).
What the April 2025 Data Shows
RentRedi’s data shows 86.3% of units paid their full rent on time, a 45 bp gain that followed a 52 bp gain in March. The Chandan Economics-RentRedi forecast full-payment rate, which counts on-time payments plus late payments expected to come in, slid 26 bps to 95.5%. RentRedi’s data shows that was still the second highest reading in six months and close to the 95.8% recorded a year earlier.
RentRedi’s first estimate put on-time payments 8 bps above a year earlier, which would have broken a 20-month streak of annual declines. The Chandan Economics-RentRedi report uses a three-month moving average, so first estimates are often revised.
Where Rent Payments Were Strongest
RentRedi’s data shows Western states in front, with Virginia (90.6%) the first non-Western state, at eighth. Year over year, the Chandan Economics-RentRedi data shows Utah (+458 bps), D.C. (+455 bps), and Oklahoma (+220 bps) improving most.
In the same RentRedi data, North Dakota (-422 bps), Delaware (-357 bps), and Nebraska (-220 bps) fell furthest.
Of the 47 states and districts that met reporting standards, RentRedi’s data shows 18 improved from a year earlier.
Why Spring Rent Payments Improve
On-time rates have improved every March and April in the Chandan Economics-RentRedi sample. RentRedi’s tax refund analysis found renters with poor-to-fair credit pay on time 2.5 to 4.4 percentage points more often from February to April than the rest of the year.
Renters with good-to-excellent credit show no such pattern, which points to refunds as the driver of the spring bump.
How April 2025 Compares With April 2026
The annual gain did not hold. The Chandan Economics-RentRedi April 2026 report put on-time payments at 84.5%, 119 bps below April 2025, and counts April 2025 inside a streak of 33 consecutive months of annual declines. The report’s forecast full-payment rate rose to 97.2%, the highest since May 2025, while Chandan Economics noted late payments stayed elevated.
That same report revised March 2026 from 83.9% to 83.3%, and Chandan later revised April 2026 to 83.9% in its May 2026 report, so first estimates, including April 2025’s 86.3%, can move. For RentRedi’s read on that month, see April 2026 rental payment trends, or browse the monthly rental performance reports archive.
What Landlords Can Take From the Data
Spring bumps fade, but landlords control how easy it is to pay on time. RentRedi’s survey on autopay, reminders, and credit reporting found that units with tenants on autopay reach a 99% on-time rate, compared with 87% without it. In the same RentRedi survey, tenants ranked automatic reminders highest for helping them pay on time, at 44%.
Want on-time rent that lasts past tax season? See how RentRedi’s automated rent collection handles autopay, reminders, and late fees.