Single-family rent prices are continuing on an upward trajectory. In March, they increased 2.9% from the 12 months prior, marking the third month in a row of gains. Also, that represents a slight increase from 2.8% year-over-year growth logged in March 2024, according to Cotality’s Single-Family Rent Index (SFRI), which analyzes single-family rent price changes across the country and in major metro areas.
The report said single-family rent growth appears to have bottomed out in December 2024.
“National trends are firming,” said Cotality senior principal economist Molly Boesel. “Markets with large numbers of new rental units coming online showed softness in single-family rents, as these new units give renters some bargaining power. This can be seen in the single-family rent growth in Dallas, which showed an annual decrease of 0.5% in March.”
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High-end properties logged rent increases of 3.5% year-over-year, an increase from 2.9% growth posted in the 12 months through March 2024. Low-end property rents increased 2.1% year over year, a drop from the gain of 2.7% seen last year, the report found. Rents grew 2.8% for both detached and attached rentals in March 2025.
Cotality said rent growth remained high in Los Angeles following the January wildfires, topping 6.8% in March. Washington, D.C. saw a notable gain as well, with rent growth coming in at 6%. Meanwhile, in addition to Dallas, rent growth was low in Miami at 1.5%.
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Kristen Smithberg
Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
