Rental Performance Report for October 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 October 2025.

Key Takeaways on Rental Performance for October 2025

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

1. In October 2025, on-time rental payments in independently operated units rose by 99 basis points (bps) to 83.5%.
2. Measured year-over-year, on-time payment rates have fallen for 27 consecutive months.
3. The forecast full-payment rate held steady at 94.8% in October, remaining unchanged from September.
4. Late payments — the primary driver of underperformance in the mom-and-pop sector — have remained above 10% for most of 2025.
5. Despite elevated late-payment rates, full-payment performance has proven resilient.
6. Western states continue to hold the highest on-time payment rates in the country, led by Alaska, Utah, Montana, and South Dakota.
7. 2–4-family rental properties led all property types in October with the highest on-time payment rate, coming in at 83.8%.

Looking ahead, the trajectory of rental performance will hinge largely on broader macro trends — namely, the labor market. The current labor market environment is characterized by low heat — less hiring, but also less firing.

While limited labor market churn may weigh on both wage and rent growth, it also promotes income stability for households already employed. So long as the labor market avoids major job losses and inflation stays contained, on-time collections should continue to recover.

Crystal

Director of Content Marketing, RentRedi

Crystal Abing is dedicated to helping landlords and tenants feel at home in the rental world. She writes blogs, guides, and updates that turn tricky property management topics into clear, actionable tips. Her goal is to ensure landlords feel confident running their rentals while tenants feel supported using RentRedi. At the heart of her work is a passion for making property management simpler, smarter, and less stressful for everyone.

Articles: 762 | Joined: 2023

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