​​August 2025 Rental Market Deep‑Dive - Price changes, Days on Market, etc.

​​August 2025 Rental Market Deep‑Dive - Price changes, Days on Market, etc.

Rental Property Investor · Denver · Member since 2021 · 75 posts · 53 votes

August 2025 U.S. Rental‑Market Deep‑Dive

A data‑driven look at every US market and state (average rent, change in rent, days on market) – and how to lease faster than the market average

1. National pulse

Metric

July 2025

August 2025

MoM Δ

Average asking rent

$1,909

$1,912

▲ 0.2 %

Listings on market

235,917

241,318

▲ 2.3 %

Average Days on Market (DOM)

51 days

51 days

flat

Interpretation: Rents nudged higher for the first time since April, even as supply climbed. The stalemate between resilient household formation and a steady flow of new multifamily deliveries kept the national DOM unchanged.

2. Region‑level story

Census region

Avg. rent

MoM Δ

Avg. DOM

Northeast

$2,215

▼ 1.9 %

58 days

Midwest

$1,376

▲ 0.5 %

50 days

South

$1,841

▲ 0.6 %

52 days

West

$2,250

▲ 0.8 %

46 days

What’s moving the needle?

  • West rebound – Dense tech hubs (Denver, Seattle, SLC) posted firm rent gains despite elevated completions.
  • Northeast pull‑back – Boston and New York softened as student leasing slowed earlier than usual.
  • Sunbelt steadies – Florida remained a tale of two coasts: Miami up, Tampa still sliding, but overall Southern rents ticked higher.

3. State‑by‑state & every metro detail (August 2025)

Below you’ll find every single market or state.

City (or entire state) / average rent / rent change month over month / DOM

Alabama
  • All – $1,495 (▲ 3.1 %, DOM 53)

Alaska
  • All – $1,950 (▲ 5.4 %, DOM 42)

Arizona
  • Phoenix – $1,940 (▼ 2.0 %, DOM 49)

Arkansas
  • All – $1,400 (– 0.0 %, DOM 47)

California
  • Los Angeles – $2,915 (▲ 0.5 %, DOM 57)

  • Sacramento – $2,178 (▼ 0.8 %, DOM 50)

  • San Diego – $3,135 (▲ 1.1 %, DOM 49)

  • San Francisco – $3,495 (▲ 1.2 %, DOM 55)

  • San Jose – $3,350 (▼ 2.0 %, DOM 58)

Colorado
  • Denver – $2,250 (▲ 2.3 %, DOM 41)

Connecticut
  • New Haven – $1,950 (▲ 0.0 %, DOM 54)

Delaware
  • All – $2,000 (– 0.0 %, DOM 46)

Florida
  • Jacksonville – $1,657 (▼ 1.1 %, DOM 50)

  • Miami – $3,250 (▲ 1.6 %, DOM 53)

  • Orlando – $2,000 (– 0.0 %, DOM 45)

  • Tampa – $2,200 (– 0.0 %, DOM 47)

Georgia
  • Atlanta – $2,032 (▼ 0.7 %, DOM 71)

Hawaii
  • All – $3,195 (▼ 2.3 %, DOM 50)

Idaho
  • Boise – $1,825 (▼ 1.1 %, DOM 38)

Illinois
  • Chicago – $1,768 (▲ 0.9 %, DOM 55)

Indiana
  • Indianapolis – $1,550 (▲ 0.9 %, DOM 48)

Iowa
  • All – $1,325 (▲ 0.7 %, DOM 45)

Kansas
  • All – $1,300 (▲ 0.4 %, DOM 47)

Kentucky
  • Louisville – $1,275 (▲ 0.7 %, DOM 54)

Louisiana
  • New Orleans – $1,675 (▲ 0.0 %, DOM 59)

Maine
  • All – $2,013 (▼ 1.6 %, DOM 62)

Maryland
  • Baltimore – $2,550 (▲ 0.4 %, DOM 49)

Massachusetts
  • Boston – $2,833 (▼ 0.8 %, DOM 56)

Michigan
  • Detroit – $1,475 (▲ 1.0 %, DOM 51)

Minnesota
  • Minneapolis–St Paul – $1,600 (▲ 0.0 %, DOM 57)

Mississippi
  • All – $1,400 (▲ 0.0 %, DOM 56)

Missouri
  • Kansas City – $1,475 (▲ 0.0 %, DOM 46)

  • St. Louis – $1,475 (▲ 0.0 %, DOM 46)

Montana
  • All – $1,650 (▼ 1.8 %, DOM 44)

Nebraska
  • Omaha – $1,275 (▲ 0.0 %, DOM 43)

Nevada
  • Las Vegas – $1,875 (▲ 1.4 %, DOM 38)

New Hampshire
  • All – $2,000 (▼ 2.5 %, DOM 58)

New Jersey
  • Newark metro – $2,192 (▲ 0.6 %, DOM 49)

New Mexico
  • Albuquerque – $1,700 (▼ 1.7 %, DOM 39)

New York
  • New York City – $2,950 (▼ 0.8 %, DOM 60)

North Carolina
  • Charlotte – $2,144 (▲ 7.2 %, DOM 50)

  • Raleigh–Durham – $1,895 (▲ 0.6 %, DOM 51)

North Dakota
  • All – $1,300 (▲ 0.0 %, DOM 42)

Ohio
  • Cincinnati – $1,425 (▲ 0.7 %, DOM 48)

  • Cleveland – $1,425 (▲ 0.7 %, DOM 48)

  • Columbus – $1,425 (▲ 0.7 %, DOM 48)

Oklahoma
  • Oklahoma City – $1,295 (▲ 0.0 %, DOM 55)

Oregon
  • Portland – $1,975 (▼ 1.8 %, DOM 55)

Pennsylvania
  • Philadelphia – $1,925 (– 0.0 %, DOM 52)

  • Pittsburgh – $1,925 (▲ 0.0 %, DOM 52)

Rhode Island
  • Providence – $2,100 (▲ 0.0 %, DOM 53)

South Carolina
  • Charleston – $1,895 (▲ 0.0 %, DOM 59)

South Dakota
  • All – $1,200 (▲ 0.0 %, DOM 42)

Tennessee
  • Memphis – $1,800 (▲ 0.0 %, DOM 48)

  • Nashville – $1,800 (▲ 0.0 %, DOM 48)

Texas
  • Austin – $1,950 (▼ 1.5 %, DOM 51)

  • Dallas–Fort Worth – $2,000 (▼ 0.0 %, DOM 50)

  • Houston – $1,900 (▼ 0.0 %, DOM 52)

  • San Antonio – $1,900 (▼ 0.0 %, DOM 51)

Utah
  • Salt Lake City – $1,900 (▼ 1.0 %, DOM 41)

Vermont
  • All – $2,100 (▼ 1.4 %, DOM 64)

Virginia
  • Richmond – $2,025 (▼ 0.9 %, DOM 41)

  • Virginia Beach – $2,025 (▲ 0.0 %, DOM 51)

Washington
  • Seattle – $2,200 (▼ 0.9 %, DOM 52)

West Virginia
  • All – $1,200 (▲ 2.1 %, DOM 52)

Wisconsin
  • Milwaukee – $1,525 (▲ 0.0 %, DOM 47)

Wyoming
  • Cheyenne – $1,395 (▼ 3.5 %, DOM 17)

4. How to make sure you beat the market

Lever

What to do

Income impact

1. Right‑price from day 1

AI pricing can benchmark your home against real‑time listings, and gives you recommended price changes. If you miss on Day 1, make adjustments quickly.

Cuts average DOM substantially; worth up to 1 month of extra rent.

2. Magazine‑quality photos

Use an instant AI photo grader so you get honest feedback on your photos.

Can cut DOM by ½ month so you get leased earlier.

3. Broadest tenant reach

Syndication to 30+ top sites (including Zillow, Redfin, Apartments.com); reach a broad renter pool.

Keeps vacancy below the national average in this data (≈4.5 %).


Bottom line: In a world where rents are flat and lease‑up times are creeping up, shaving 2 to 4 weeks off marketing time (earning thousands more) and squeezing an extra 5 % in rent is the difference between positive and negative cash‑flow. Make sure you make the right moves.


5. Explore the data yourself

Need visuals or deeper cuts (ZIP‑code clusters, bedroom splits, etc.)? Let me know and I’ll spin them up.

Data source: Zillow

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Most Popular Reply

Mariah JefferyBusiness Member
Real Estate Agent · Cheyenne, WY · Member since 2009 · 205 posts · 51 votes
1y

Hmm, Cheyenne being down 3.5% doesn't seem right to me as a landlord. We still have very high demand for rentals due to construction of 20 data centers in town.

See this reply in the discussion

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  • Mariah JefferyBusiness Member
    Real Estate Agent · Cheyenne, WY · Member since 2009 · 205 posts · 51 votes
    1y

    Hmm, Cheyenne being down 3.5% doesn't seem right to me as a landlord. We still have very high demand for rentals due to construction of 20 data centers in town.

  • Charles ClarkBusiness Member
    Real Estate Broker · Milwaukee, WI · Member since 2020 · 307 posts · 209 votes
    1y

    @Matt Thelen

    Thanks for the detailed update — very insightful. The regional trends and leasing strategies are especially helpful. I'd be interested in exploring visuals for ZIP-code clusters and bedroom-level breakdowns when you have a chance.

    Raise the Standard RE LLC55 Reviews
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  • Real Estate Agent · Honolulu, HI · Member since 2015 · 450 posts · 196 votes
    1y

    @Matt Thelen 

    Really helpful breakdown, Matt; thanks for putting this together.

    One thing I’ll add from a Hawaii perspective: our market showed a pretty steep dip in August. That looks like weakness on paper, but it’s often tied to local seasonality. Summer is when we see peak military moves and higher tourism-related rental demand. By late August, that activity slows, and newer towers in places like Kakaʻako and Ala Moana have been delivering more units, which temporarily softens pricing.

    That said, demand here rarely disappears — land constraints and slow permitting keep long-term supply tight. For investors, that means the trick is less about “will it rent?” and more about how fast you can get it leased. I’ve found a couple things really move the needle here:

    • Pro-quality listing photos + broad syndication (Zillow, Redfin, Apartments.com, etc.) to reach tenants faster.

    • Exploring mid-term rentals (traveling nurses, military TDY); these are becoming a strong niche in Honolulu.

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