Rent growth for single-family home rentals hit their slowest pace of growth since 2010 in August, a trend playing out across price tiers and regions.

The latest Single-Family Rent Index (SFRI) by real estate market analytics firm Cotality shows U.S. single-family rent prices rose 1.4% on an annual basis in August, down from 2.3% gains in July, and less than half the 3% growth from August 2023 to August 2024.

Rents for high-end units rose 1.6%, a drop from the annual gain of 3.3% in August 2024. Low-end rent prices increased 1.1% this past August, down from a 2.8% gain the year prior. Rents on single-family detached units rose 1.5% in August. Attached rental rates rose 1%.

Molly Boesel, senior principal economist for Cotality, noted in a press release that supply constraints in certain metro markets and regional economic factors are driving strong variations in rent patterns.

“Atlanta, Philadelphia and Los Angeles continue to show stronger rent growth, with Los Angeles now only slightly above its pre-wildfire level from January,” said Boesel.

In fact, single-family rent growth in Los Angeles, Philadelphia and Atlanta in August 2025 exceeded rent growth in those metros in August 2024.

At 4.7%, Chicago topped the list of major metros tracked by Cotality for the highest rent growth in August. Los Angeles followed at 2.8%, while Philadelphia rose 2.7%, Washington, D.C., rose 2.6% and Atlanta rents climbed 1.9% year over year.

By median single-family rent price, New York, Los Angeles, Washington, D.C., and Miami were the most expensive, at $3,968, $3,926, $3,453 and $2,963, respectively.

Dallas recorded a 0.6% decline in rent growth in August, marking the lowest single-family rent price growth among major U.S. metros. Cotality attributed the price declines in Dallas to “a large number of multifamily rental units coming online” in the past year.