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May 2025 Avg. Rents, Days on Market, and Rental Inventory

Published on: May 28, 2025

We pulled these from Zillow’s rental feed for May 2025 and cleaned them up so we can see which markets are heating up or cooling off.

Quick takeaways

Most expensive rents: Boston & Miami hit ~$3,000; NYC right behind at $2,885.
Fastest to lease: Cheyenne (24 DOM), Salt Lake City (28), Providence & Milwaukee (34).
Slowest: Hawaii statewide (97 DOM), Dallas (77), Atlanta (71), San Francisco (70).
Biggest MoM improvement: Raleigh -44 % DOM, Boston -38 %, Cheyenne -27 %.
Largest inventory jumps: Los Angeles (+4,535 listings MoM), Chicago (+2,344), Houston (+1,696).

Snapshot of key metros

City	Avg Rent	Avg DOM	MoM DOM Δ	Active Rentals	MoM Inventory Δ
Phoenix, AZ	$1,850	47	+2 %	5,052	+1,005
Denver, CO	$1,920	41	-5 %	3,924	+614
Miami, FL	$3,000	50	-2 %	6,534	+1,024
Orlando, FL	$1,902	42	-11 %	3,208	+569
Atlanta, GA	$1,900	71	-9 %	4,081	+637
Charlotte, NC	$1,935	46	-22 %	3,574	+456
Raleigh, NC	$1,750	45	-44 %	1,976	+399
Austin, TX	$1,894	48	-16 %	5,879	+1,066
Dallas, TX	$1,600	77	-5 %	3,782	+1,065
Houston, TX	$1,695	56	-2 %	8,823	+1,696
Seattle, WA	$1,800	47	-15 %	4,071	+819
Los Angeles, CA	$2,300	55	+6 %	20,265	+4,535
San Francisco, CA	$2,655	70	-26 %	2,783	+580
Boston, MA	$3,000	56	-38 %	17,529	-275
Cheyenne, WY	$1,500	24	-27 %	181	-5

(I trimmed the full dataset for readability — happy to share the whole CSV if anyone wants to dig deeper - shoot me a note at matt@nomadlease.com)

Questions to ask yourself

Do you know what rent to charge to get your property rented on the timeline you want?
Do you know how to manage your marketing and showings to find a reliable tenant as quickly as possible?
Do you feel comfortable with your screening and lease to ensure you're protected against late payment?

If you're a pro with a lot of experience and time on your hands you may be thinking "no problem, I got this". If you'd like some extra support or are short on time head over to nomadlease.com, enter your property information, and we can help you with all of it.