Rental Performance Report for July 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 July 2025.

Key Takeaways on Rental Performance for July 2025

As noted in Chandan’s report, here are the key takeaways on the rental performance for July 2025:

1. In July 2025, the on-time payment rate in independently operated rental units fell by 20 basis points (bps), dropping to 83.6%.
2. On-time payment rates have fallen year-over-year for 24 consecutive months.
3. The forecast full-payment rate fell to 93.4%, marking a post-pandemic low.
4. Western states continue to hold the highest on-time payment rates in the country, led by Idaho, Alaska, Utah, and Montana. 
5. 2-4-family rental properties rentals held the highest on-time payment rates in July, coming in at 84.0%.

On-time rental payments in independently operated units fell again in July 2025 — another warning sign that the financial health of renter households is under stress. According to this month’s first estimate, 83.6% of units paid their full rent on time — a decline of 20 basis points (bps) from June.