Apartments.com Rent Report for June 2025: Summer Rent Increases Hit a Plateau

True to seasonal trends, demand for rentals spiked in June, surpassing supply for the first time since 2021. However, rent increases and vacancy rates have begun to plateau, suggesting a deceleration in summer moves.

Key Takeaways

• The national average rent was $1,636 per month, an increase of 0.9% since last year.
• The vacancy rate stayed at 8.1% but is expected to drop over the next few months.
• Florida cities on the Gulf Coast are experiencing lower rent prices compared to last year, while cities on the Atlantic coast are seeing increasing rent prices.

In June, the national average rent was $1,636 per month for a one-bedroom apartment and $1,896 per month for a two-bedroom. The vacancy rate held steady at 8.1% and is expected to drop to 7.5% by the end of the year.

Florida Split in Two

Following Florida’s falling vacancy rates and increased prices in May, Florida cities saw a stark difference in rent trends.

In June, Naples, FL, replaced Austin, TX, in the top five cities with the biggest rent decreases, joining its fellow Gulf Coast cities Sarasota, Fort Myers, and Cape Coral. This pattern contrasts that on the Atlantic coast, with Hollywood, Miami, Fort Lauderdale, and West Palm Beach experiencing higher rents compared to last year.

It’s worth noting that vacancy rates are also split; Florida’s Atlantic coast cities tend to have lower vacancy rates than cities on the other side of the state. Vacancy rates on the Gulf Coast have been steadily increasing since hurricanes Helene and Milton targeted the Gulf Coast in 2024. Meanwhile, vacancy rates in Hollywood, Fort Lauderdale, and West Palm Beach plummeted.

June 2025 Rent Increases by City

In May, Brookline, MA, saw the biggest jump in rent prices, up 6.7% from last year. In June, Brookline continued its upward trend.

Here are the cities with the biggest rent increases in June:

• Brookline, MA: +6.5%
• Hollywood, FL: +6.1%
• Chicago, IL: +4.6%
• Brooklyn, NY: +4%
• Columbus, OH: +3.7%

June 2025 Rent Decreases by City

Naples, FL, replaced Austin, TX, in the top five cities with the biggest rent decreases. While Austin is still seeing rents decreasing, the average rent in Naples dropped by about 0.5% between May and June, a dramatic decline.

Here are the cities with the biggest rent decreases in June:

• Cape Coral, FL: -6.3%
• Naples, FL: -3.2%
• Fort Myers, FL: -3%
• Sarasota, FL: -2.7%
• Denver, CO: -2.4%

Current Rent Prices Across the U.S.

How Current Rent Prices Impact Renters

Timing is key when you’re searching for a new place. Rent prices are always fluctuating, and summer is a peak demand time. Fall and winter are typically the best times to find cheap rent, but the current plateau and the forecasted rise in rents may mean that renters will get the best deals now. Keep an eye out for rent concessions like waived application fees or a free month of rent.

Need help comparing cities? Our Cost of Living Calculator makes it easy. You can also compare the rent prices from this report to those from May and April to determine the overall trend and visit the U.S. Rent Trends page to view the most current rent prices available across the U.S.

Methodology:

The rent data in this report is sourced from CoStar Group’s Market Trend reports. CoStar Group is the leading authority in commercial real estate information, analytics, and news, trusted by real estate professionals for more than 37 years. By combining this data with Apartments.com internal data and public record, we’re able to deliver the most up-to-date rental information available.

To determine overall rent trends, we evaluate rent prices from more than 2,400 cities across the nation, including the top 80 national markets. This analysis includes year-over-year and month-over-month rent changes to provide a comprehensive view of market dynamics. This report covers a diverse range of property types to ensure a holistic view of the rental market.