Published February 21, 2025

Rental Performance Report February 2025: 85.2% On-Time

On-time rent payments from independent landlords slipped to 85.2% in February 2025, the lowest since April 2021, per RentRedi and Chandan Economics.

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Quick Answer

On-time rent payments among independent landlords slipped 16 basis points (bps) to 85.2% in February 2025, according to the Chandan Economics-RentRedi Independent Landlord Rental Performance Report. That is the lowest on-time rate since April 2021 and the third straight monthly decline. RentRedi’s data also shows the forecast full-payment rate, which counts late payments expected to come in, improved to 94.9%.

Key Takeaways on Rental Performance for February 2025

Four findings from the Chandan Economics-RentRedi report for February 2025:

  1. RentRedi’s data shows the on-time payment rate in independently operated units slipped 16 bps to 85.2%.
  2. The Chandan Economics-RentRedi forecast full-payment rate improved for the first time since October, rising to 94.9%.
  3. In RentRedi’s data, Western states led, with Idaho (93.5%), Utah (93.3%), Colorado (91.7%), New Mexico (91.6%), and Alaska (90.7%) in the top five.
  4. By property type, RentRedi’s data shows 2-4 unit rentals led at 85.7%, ahead of single-family at 85.5% and multifamily at 85.2%.
Chart of February 2025 on-time rent payment rates for all property types from the Chandan Economics-RentRedi report

What the February 2025 Data Shows

RentRedi’s data shows 85.2% of units paid their full rent on time, down 16 bps from the prior month and 48 bps from a year earlier. On-time collections have now fallen three months in a row.

RentRedi’s data also shows the January 2025 estimate was revised up 37 bps, which softened the earlier drop. The report uses a three-month moving average, so first estimates are often revised.

How February 2025 Compares With September 2026

The trend has since turned. The Chandan Economics-RentRedi September 2026 rental performance report puts on-time payments at 83.2%, 91 bps above September 2025. That is still below February 2025’s level, but the direction is improving. Browse every month in the monthly rental performance reports archive.

What Landlords Can Take From the Data

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.

Want fewer late payments in your own portfolio? See how RentRedi’s automated rent collection handles autopay, reminders, and late fees.