Rental Performance Report for June 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 June 2025.
Key Takeaways on Rental Performance for June 2025
As noted in Chandan’s report, here are the key takeaways on the rental performance for June 2025:
- In June 2025, the on-time payment rate in independently operated rental units fell by 85 basis points (bps), dropping to 84.3%.
- On-time payment rates have fallen year-over-year for 23 consecutive months.
- The forecast full-payment rate fell to 94.0%, marking a new post-2021 low.
- Western states continue to hold the highest on-time payment rates in the country, led by Montana, Utah, Hawaii, Alaska, and Idaho.
- 2-4-family rental properties rentals held the highest on-time payment rates in June, coming in at 84.6%.
On-time rental payments in independently operated units dropped meaningfully in June 2025 — offering a stark warning about the financial health of renter households in a high-uncertainty economic environment. According to this month’s first estimate, 84.3% of units paid their full rent on time — a decline of 85 basis points (bps) from May.
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