On-time rent payments from independent landlords rose to 83.2% in August 2025, ending four straight monthly declines, per RentRedi and Chandan Economics.
Quick Answer
Rent got a little more reliable in August 2025. On-time rent payments among independent landlords rose 34 basis points (about a third of a percentage point) to 83.2%, ending four straight monthly declines, according to the Chandan Economics-RentRedi Independent Landlord Rental Performance Report. RentRedi’s data shows on-time payments still 216 bps below a year earlier, the 25th straight month of annual declines. The Chandan Economics-RentRedi forecast full-payment rate, the share of rent that eventually gets paid even when it’s late, rose to 93.3%.
If you’ve been bracing for late rent every month, you’re not imagining things. Here is what RentRedi and Chandan Economics found for August 2025, and how it compares with where the series stands today.
Key Takeaways on Rental Performance for August 2025
The Chandan Economics-RentRedi report found five things:
- RentRedi’s data shows the on-time payment rate in independently operated units rose 34 bps to 83.2%.
- RentRedi’s data shows on-time payments have fallen year over year for 25 consecutive months.
- The Chandan Economics-RentRedi forecast full-payment rate rose to 93.3%, moving off its post-pandemic low.
- In RentRedi’s data, Western states led, with Montana (94.9%), South Dakota (93.3%), Hawaii (92.5%), Wyoming (92.3%), and New Hampshire (92.1%) in the top five.
- By property type, RentRedi’s data shows 2-4 unit rentals led at 83.8%, ahead of single-family (83.3%) and multifamily (82.1%).
What the August 2025 Data Shows
RentRedi’s data shows 83.2% of units paid their full rent on time in August. Put another way, roughly 1 in 6 units in RentRedi’s data missed the due date. On a 10-unit portfolio, RentRedi’s numbers work out to about two tenants paying late in a typical month.
It was the first improvement after four rough months. Chandan Economics revised July from 83.6% to 82.9%, which it called the post-pandemic low, and RentRedi’s data shows the on-time rate fell every month from April through July, shaving 298 bps. Chandan Economics said it was too soon to call a turnaround.
Zoom out and the picture is less cheerful. The Chandan Economics-RentRedi data shows on-time payments 216 bps below a year earlier, the third-largest annual drop of the post-pandemic era, though better than July’s 279 bps drop. RentRedi’s data shows the rate has fallen 502 bps across 25 months of annual declines.
Most of that missing rent does show up eventually. The Chandan Economics-RentRedi forecast full-payment rate, which counts on-time payments plus late payments expected to come in, rose 43 bps to 93.3%, and the Chandan Economics-RentRedi data puts it 428 bps below its January 2023 peak of 97.6%, a gentler slide than the on-time drop. Chandan Economics traced the gap to tenants paying late rather than not at all: RentRedi’s data shows the three-month average of late payments climbing from 8.8% to 11.7% in June 2025.
Where Rent Payments Were Strongest
The West keeps winning on this one. RentRedi’s data shows New Hampshire (92.1%) was the only non-Western state in the top 12. The Chandan Economics-RentRedi data also shows smaller properties holding up best, with 2-4 unit rentals 170 bps ahead of multifamily. If you run a duplex or a fourplex, you’re in the group doing best.
Chandan Economics pointed to stalled job growth and worsening delinquency rates for borrowers under 40 in the New York Fed’s Q2 data. Translation: plenty of tenants are stretched thin, even when they fully intend to pay.
How August 2025 Compares With August 2026
Good news first: the turnaround Chandan Economics wasn’t ready to call did arrive. The catch is that the August 2025 number itself moved. Chandan Economics’ September 2025 report revised RentRedi’s August reading from 83.2% to 82.6%. The Chandan Economics-RentRedi August 2026 report then put on-time payments at 83.2%, 85 bps above August 2025 and the strongest annual gain since May 2023, with a forecast full-payment rate of 95.7%.
That 85 bp gain implies Chandan Economics revised August 2025 lower again since. Chandan Economics also revised August 2026 down to 82.8% in its September 2026 report, so first estimates keep moving. Treat any single month as a first draft.
Utah, which ranked second at 92.8% in August 2026 per Chandan Economics-RentRedi data, has its own Utah landlord tenant law guide if you own there. For RentRedi’s read on that month, see August 2026 rental performance, or browse the monthly rental performance reports archive.
What Landlords Can Take From the Data
Here’s what you can control. Since so much of the problem was tenants paying late rather than not at all, making on-time the easy path matters. 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%. A nudge before the due date is what tenants say helps most.
See how RentRedi’s automated rent collection handles autopay, reminders, and late fees.