US Single-Family Rent Growth Strengthens for Fourth Consecutive Month in June

Cotality reported that US single-family rents increased 1.5% year-over-year in June, marking the fourth consecutive month of stronger annual gains. Growth remained below the 2.5% increase recorded a year earlier, though monthly rent growth has followed a more typical seasonal pattern for most of 2026.

High-end rents rose 2.4% year-over-year, while low-end rents increased 0.4% for the second consecutive month. Both rates were lower than a year earlier. Detached single-family rents increased 1.4%, while attached rents rose 1.6%.

Rent growth remained strongest in the Midwest. Chicago led the markets cited with a 5% increase, followed by Detroit at 3.4%, Philadelphia at 3.2%, New York at 2.8%, and Atlanta at 1.2%.

Houston rents declined 0.2% for a fifth consecutive month of negative growth, while Dallas rents increased 0.2%. Los Angeles posted the largest year-over-year slowdown for a fourth consecutive month, with growth falling to 0.6% from 4.7%.

Cotality Senior Economist Molly Boesel said:

“National single-family rent growth increased to 1.5% in June, marking the fourth consecutive month of stronger annual gains and the highest growth rate since late 2025. While rents are rising a bit faster than they were earlier this year, the market remains much different from the rapid growth environment seen in recent years. Pricing performance continues to vary across both regions and price tiers, with higher-end rentals posting stronger gains than lower-end properties. At the local level, Midwestern markets continue to lead rent price growth, while some Sun Belt markets remain comparatively soft. Overall, June’s results point to a market that is slowly increasing rather than broadly accelerating.”