On-time rent payments from independent landlords rose 99 bps to 83.5% in October 2025, later revised to 83.0%, per RentRedi and Chandan Economics.
Quick Answer
October 2025 gave landlords a small win. On-time rent payments among independent landlords rose 99 basis points (just under a full percentage point) to 83.5%, the second monthly gain in a row, according to the Chandan Economics-RentRedi Independent Landlord Rental Performance Report. RentRedi’s data shows on-time payments still 223 bps below a year earlier, the 27th straight month of annual declines. The Chandan Economics-RentRedi forecast full-payment rate, the share of rent that eventually gets paid even when it’s late, held at 94.8%.
We’d call it a good sign, not a victory lap. Here is what RentRedi and Chandan Economics found for October 2025, and how it compares with the latest in our monthly rental performance reports.
Key Takeaways on Rental Performance for October 2025
The Chandan Economics-RentRedi report found six things:
- RentRedi’s data shows on-time rental payments in independently operated units rose 99 bps to 83.5%.
- RentRedi’s data shows on-time payments have fallen year over year for 27 consecutive months.
- The Chandan Economics-RentRedi forecast full-payment rate held steady at 94.8%, unchanged from September.
- RentRedi’s data shows late payments, the main driver of underperformance, staying above 10% for most of 2025, while full payments held up better.
- In RentRedi’s data, Western states led, with Alaska (95.1%), Utah (94.5%), Montana (93.3%), and South Dakota (92.8%) at the top, followed by the District of Columbia (92.7%).
- By property type, RentRedi’s data shows 2-4 unit rentals led at 84.2%, ahead of single-family (83.7%) and multifamily (82.4%).
What the October 2025 Data Shows
RentRedi’s data shows 83.5% of units paid their full rent on time in October. That leaves roughly 1 in 6 units in RentRedi’s data still missing the due date, or about two tenants on a 10-unit portfolio. Not perfect, but moving the right way.
A fair warning about the numbers: first estimates get revised. Chandan Economics revised September from 83.1% to 82.6%, and said the recent turn suggests the sector has likely already found its bottom. The Chandan Economics-RentRedi data shows on-time payments 223 bps below a year earlier, though RentRedi’s data shows that gap narrowing after drops of roughly 300 bps in July and August.
Late payments are the real story. Chandan Economics called them the main source of underperformance, and RentRedi’s data shows the three-month average never reached double digits in 2023 or 2024. RentRedi’s data shows it then climbed from a low of 8.4% to 12.9% in August 2025, and Chandan Economics forecast late payments above 10% of charges for nine straight months since February.
The good news is that tenants keep making up missed rent. The Chandan Economics-RentRedi forecast full-payment rate, which counts on-time payments plus late payments expected to come in, held at 94.8%, and Chandan Economics said actual full payment has beaten the forecast lately. Since the data counts partial payments as unpaid, the hit to your bank account may be smaller than the headline suggests.
Where Rent Payments Were Strongest
The West led again. RentRedi’s data shows Alaska, Utah, Montana, and South Dakota on top, and our Utah landlord tenant law guide covers the 2026 rules if you own there. Chandan Economics noted East Coast markets quietly climbing, with New Hampshire (91.8%), Virginia (89.8%), and Vermont (89.8%) all moving into the top 15 in RentRedi’s data.
The Chandan Economics-RentRedi data shows every property type improving, with multifamily up the most at 115 bps. If you run a duplex or a fourplex, you’re still in the group doing best.
Chandan Economics tied the late rent to wider household strain: credit card delinquencies at 8.6% in Q2 2025, more than double the 4.1% of Q4 2021, and student loan delinquencies at a record 13.0%. It sees the job market, light on hiring but also light on firing, as the thing to watch.
How October 2025 Compares With September 2026
The October number didn’t hold exactly either, though it moved gently. Chandan Economics’ November 2025 report revised RentRedi’s October reading from 83.5% to 83.0%. The Chandan Economics-RentRedi September 2026 report has on-time payments at 83.2%, so the latest reading sits only about 20 bps above where October 2025 ended up.
The bigger change is the direction. That Chandan Economics-RentRedi report has collections 91 bps above September 2025, a sharp reversal from the 300 bps-plus annual declines recorded in parts of late 2025 and early 2026.
For RentRedi’s read on the latest month, see September 2026 on-time rent data.
What Landlords Can Take From the Data
So what can you do about it? Make paying on time the easy thing. RentRedi’s autopay and reminders survey found that units with tenants on autopay reach a 99% on-time rate, compared with 87% without it.
In the same RentRedi survey, tenants ranked automatic reminders highest for helping them pay on time, at 44%. It’s a small nudge, and tenants say it works. Keeping a tenant ledger also shows you at a glance who pays on time and who drifts.
Read the full October 2025 report from Chandan Economics
Rather not chase rent every month? See how RentRedi’s automated rent collection handles autopay, reminders, and late fees.