According to the latest Cotality Single-Family Rent Index (SFRI), U.S. single-family home rental prices increased 1.8% year over year in July, 2026. They say July’s monthly increase of 0.4% continued a return to normal seasonal patterns that took hold in early 2026 after nearly a year of below-trend growth, which kept national rent growth below historic averages. Nationally, the Midwest continues to see the strongest rental growth in the nation, Chicago saw price growth of 5.0%, followed by Detroit (3.7%), Philadelphia (3.5%), New York (3.3%), and Miami (1.2%). Interestingly, rent growth for detached rentals (1.9%) slightly outpaced that of attached rentals (1.7%).
“The recent divergence should be viewed in a longer-term context. Over the past five years, rents for the low-price tier increased 26%, slightly more than the 24% gain for high-priced rentals. That suggests recent strength at the upper end may be less of a fundamental shift in demand and more of a catch-up period, as cumulative rent growth remains higher in the low-price tier despite the recent slowdown.” Said Cotality senior principal economist Molly Boesel.
Click here to read the full report at Cotality.
