Independent landlords’ on-time rent payments jumped to 85.7% in March 2025, the biggest monthly gain in two years, per RentRedi and Chandan Economics.
Quick Answer
On-time rent payments among independent landlords jumped 53 basis points (bps) to 85.7% in March 2025, according to the Chandan Economics-RentRedi Independent Landlord Rental Performance Report. That is the biggest single-month gain in two years, and RentRedi’s data shows on-time rates have improved every March in the sample. RentRedi’s forecast full-payment rate also rose, to 95.7%.
Key Takeaways on Rental Performance for March 2025
The Chandan Economics-RentRedi report found four things in March 2025:
- RentRedi’s data shows the on-time payment rate in independently operated units jumped 53 bps to 85.7%.
- The Chandan Economics-RentRedi forecast full-payment rate improved for the second straight month, rising to 95.7%.
- In RentRedi’s data, Western states led, with Idaho (94.2%), New Mexico (92.3%), Alaska (92.2%), California (92.0%), and Utah (92.0%) in the top five.
- By property type, RentRedi’s data shows 2-4 unit rentals led at 86.3%, ahead of single-family at 86.0% and multifamily at 85.6%.
What the March 2025 Data Shows
RentRedi’s data shows 85.7% of units paid their full rent on time, up 53 bps from February and the largest single-period gain in two years. On-time rates have improved every March in the Chandan Economics-RentRedi sample, so seasonality plays a role.
RentRedi’s data also shows on-time payments down 25 bps from a year earlier, the 20th straight monthly annual decline. The gap has narrowed, and a sustained turnaround could soon flip the comparison positive.
How March 2025 Compares With March 2026
The Chandan Economics-RentRedi March 2026 report put on-time payments at 83.9%, about 1.8 points below this March, again crediting tax refund season for part of the spring gain. The streak of annual declines ended in June 2026 after 34 months, according to the Chandan Economics weekly briefing. See 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.
Read the full March 2025 report from Chandan Economics
Want on-time rent that holds up after the spring bounce? See how RentRedi’s automated rent collection handles autopay, reminders, and late fees.