Rental Performance Report for April 2025
Wondering how on-time rent payments are faring across the nation? Take a look at Chandan Economics & RentRedi’s Independent Landlord Rental Performance Report for April 2025.
Key Takeaways on Rental Performance for April 2025
As noted in Chandan’s report, here are the key takeaways on the rental performance for April 2025:
- In April 2025, the on-time payment rate in independently operated rental units jumped by 45 basis points (bps), rising to 86.3%.
- On-time payment rates are higher than they were one year ago for the first time since July 2023.
- The forecast full-payment rate slid slightly, though it remained elevated at 95.5%.
- Western states continue to hold the highest on-time payment rates in the country, led by Utah, Idaho, Alaska, Wyoming, and New Mexico.
- 2-4-family rental properties rentals held the highest on-time payment rates in April, coming in at 87.0%.
On-time rental payments in units operated by independent landlords continued their recent trend of improvement in April. As of this month’s first estimate, 86.3% of units have successfully paid their full rental bill on time — a 45-basis-point (bps) increase from the prior month, following a 52-bp improvement in March 2025.
RentRedi Partners
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