🏠 October 2025 U.S. Rental Market Update

TL;DR: Leasing cooled across most large metros as DOM ticked up and inventory stayed elevated in TX/FL. A few markets remain fast (Cheyenne, Minneapolis, Kansas City).

1) National Snapshot (from your state & city panels)

• DOM rose MoM in many supply-heavy metros: Raleigh 57 (+19%), Seattle 42 (+14%), Sacramento 45 (+13%), Denver 49 (+11%), San Francisco 68 (+11%), Dallas 81 (+5%).

• Availability is up YoY across several Sun Belt hubs, shifting leverage toward renters: Miami 7,647 vs 5,404 YoY, Houston 10,453 vs 6,822, San Antonio 6,422 vs 4,849.

• Still-fast: Cheyenne (27 DOM), Minneapolis (32), Kansas City (43), Sacramento (45), Portland (45).

• Prices mixed: modest MoM softness in several markets; YoY trends vary by city/class.

2) How Nomad helps you beat the slowdown 

• Smart pricing & listing feedback → avoid overpricing stalls. We have, without a doubt, the best pricing guidance available powered by AI and unique data.

• Better photos + distribution → more qualified tours, fewer dead weeks. Our AI scores your photos, and we pay for your professional photos.

• Income verification & fraud checks → fewer resets and re-marketing, leading to a very low 0.8% eviction rate.

• Guaranteed rent → fast leasing only matters if you actually get paid. Only Nomad guarantees your payment - you get paid the same day every month. 

Full State-by-Market Breakdown (Oct 5, 2025)

Rent data is for all property types, Days on Market (DOM) is only for houses

Alabama

• All — Rent $1,452, DOM 56 (MoM +4%, YoY +14%)

Alaska

• All — Rent $1,900, DOM 45 (MoM –5%, YoY +15%)

Arizona

• Phoenix — Rent $1,895, DOM 54 (MoM +4%, YoY +8%), Avail 5,411

Arkansas

• All — Rent $1,400, DOM 52 (MoM +6%, YoY +21%)

California

• Los Angeles — Rent $2,795, DOM 61 (MoM +2%, YoY +5%), Avail 17,375

• San Diego — Rent $3,100, DOM 52 (MoM –4%, YoY +16%), Avail 6,207

• San Francisco — Rent $3,733, DOM 68 (MoM +11%, YoY +33%), Avail 1,853

• San Jose — Rent $3,098, DOM 51 (MoM +2%, YoY +50%), Avail 1,294

• Sacramento — Rent $1,999, DOM 45 (MoM +13%, YoY +29%), Avail 1,709

• Oakland — Rent $2,325, DOM 56 (MoM +6%, YoY +4%), Avail 1,851

Colorado

• Denver — Rent $2,100, DOM 49 (MoM +11%, YoY +17%), Avail 4,551

Connecticut

• New Haven — Rent $1,800, DOM 79 (MoM +22%, YoY +88%), Avail 1,378

DC

• DC — Rent $2,500, DOM 66 (MoM +9%, YoY +12%), Avail 4,500

Delaware

• All — Rent $1,975, DOM 45 (MoM +4%, YoY +2%)

Florida

• Jacksonville — Rent $1,625, DOM 53 (MoM +0%, YoY +18%), Avail 4,196

• Miami — Rent $3,190, DOM 52 (MoM +4%, YoY –7%), Avail 7,647

• Orlando — Rent $1,990, DOM 52 (MoM +8%, YoY +18%), Avail 3,652

• Tampa — Rent $2,095, DOM 53 (MoM +2%, YoY +10%), Avail 2,869

Georgia

• Atlanta — Rent $2,050, DOM 74 (MoM +1%, YoY +19%), Avail 4,015

Hawaii

• All — Rent $3,100, DOM 114 (MoM +2%, YoY +34%)

Idaho

• All — Rent $1,870, DOM 41 (MoM +0%, YoY +5%)

Illinois

• Chicago — Rent $1,995, DOM 50 (MoM +6%, YoY +6%), Avail 8,609

Indiana

• Indianapolis — Rent $1,500, DOM 52 (MoM +6%, YoY +16%), Avail 2,680

Iowa

• All — Rent $1,175, DOM 38 (MoM –2%, YoY +6%)

Kansas

• All — Rent $1,400, DOM 45 (MoM +2%, YoY +7%)

Kentucky

• Louisville — Rent $1,289, DOM 54 (MoM +4%, YoY +32%), Avail 1,997

Louisiana

• New Orleans — Rent $1,750, DOM 63 (MoM +11%, YoY –3%), Avail 3,060

Maine

• All — Rent $2,000, DOM 56 (MoM +6%, YoY +19%)

Maryland

• Baltimore — Rent $1,650, DOM 79 (MoM +8%, YoY +52%), Avail 3,373

Massachusetts

• Boston — Rent $3,200, DOM 140 (MoM +32%, YoY +39%), Avail 9,586

Michigan

• Detroit — Rent $1,200, DOM 70 (MoM +6%, YoY +23%), Avail 2,406

Minnesota

• Minneapolis — Rent $1,700, DOM 32 (MoM –4%, YoY –9%), Avail 1,715

Mississippi

• All — Rent $1,500, DOM 53 (MoM +0%, YoY +4%)

Missouri

• Kansas City — Rent $1,400, DOM 43 (MoM –7%, YoY +8%), Avail 1,716

• St. Louis — Rent $1,250, DOM 60 (MoM +11%, YoY +28%), Avail 1,705

Montana

• All — Rent $1,888, DOM 48 (MoM +10%, YoY +20%)

Nebraska

• All — Rent $1,400, DOM 41 (MoM +15%, YoY –2%)

Nevada

• Las Vegas — Rent $1,950, DOM 46 (MoM +5%, YoY +7%), Avail 5,627

New Hampshire

• All — Rent $2,100, DOM 72 (MoM –14%, YoY –8%)

New Jersey

• Newark — Rent $2,120, DOM 51 (MoM –11%, YoY +42%), Avail 1,664

New Mexico

• All — Rent $1,725, DOM 45 (MoM +5%, YoY +13%)

New York

• New York — Rent $3,606, DOM 62 (MoM +13%, YoY +17%), Avail 17,744

North Carolina

• Charlotte — Rent $1,969, DOM 50 (MoM +4%, YoY –7%), Avail 4,015

• Raleigh — Rent $1,850, DOM 57 (MoM +19%, YoY –7%), Avail 2,000

North Dakota

• All — Rent $1,140, DOM 63 (MoM –8%, YoY –13%)

Ohio

• Cincinnati — Rent $1,495, DOM 47 (MoM –10%, YoY +9%), Avail 2,109

• Cleveland — Rent $1,225, DOM 66 (MoM +0%, YoY +32%), Avail 2,038

• Columbus — Rent $1,503, DOM 53 (MoM +4%, YoY +4%), Avail 3,308

Oklahoma

• Oklahoma City — Rent $1,400, DOM 50 (MoM +5%, YoY +19%), Avail 1,797

Oregon

• Portland — Rent $1,800, DOM 45 (MoM –2%, YoY +10%), Avail 2,832

Pennsylvania

• Philadelphia — Rent $1,600, DOM 60 (MoM +0%, YoY +7%), Avail 8,995

• Pittsburg — Rent $1,530, DOM 66 (MoM +3%, YoY +25%), Avail 2,532

Rhode Island

• Providence — Rent $2,161, DOM 47 (MoM +8%, YoY +34%), Avail 870

South Carolina

• All — Rent $1,817, DOM 55 (MoM +13%, YoY +6%)

South Dakota

• All — Rent $1,233, DOM 50 (MoM –8%, YoY +22%)

Tennessee

• Nashville — Rent $2,246, DOM 52 (MoM +7%, YoY +4%), Avail 3,192

Texas

• Austin — Rent $2,000, DOM 57 (MoM +6%, YoY +4%), Avail 6,385

• Dallas — Rent $1,995, DOM 81 (MoM +5%, YoY +29%), Avail 3,582

• Houston — Rent $1,899, DOM 55 (MoM +4%, YoY +15%), Avail 10,453

• San Antonio — Rent $1,670, DOM 62 (MoM +7%, YoY +24%), Avail 6,422

Utah

• Salt Lake City — Rent $1,599, DOM 47 (MoM –5%, YoY +21%), Avail 977

Vermont

• All — Rent $2,295, DOM 61 (MoM –9%, YoY +3%)

Virginia

• Richmond — Rent $1,613, DOM 48 (MoM +5%, YoY +12%), Avail 932

Washington

• Seattle — Rent $2,228, DOM 42 (MoM +14%, YoY +11%), Avail 4,052

West Virginia

• All — Rent $1,200, DOM 54 (MoM –4%, YoY +17%)

Wisconsin

• Milwaukee — Rent $1,250, DOM 46 (MoM +9%, YoY +21%), Avail 1,311

Wyoming

• Cheyenne — Rent $1,450, DOM 27 (MoM +24%, YoY –4%), Avail 217

Top MoM DOM Risers (slower)

1. Boston +32% → 140 DOM (don’t

2. Raleigh +19% → 57 DOM

3. Seattle +14% → 42 DOM

4. Sacramento +13% → 45 DOM

5. Denver +11% / San Francisco +11% → 49 / 68 DOM

Top MoM DOM Improvers (faster)

1. Kansas City –7% → 43 DOM

2. New Hampshire –14% → 72 DOM

3. San Diego –4% → 52 DOM

4. Minneapolis –4% → 32 DOM

5. West Virginia –4% → 54 DOM

Explore the data yourself

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

Ready to outperform the averages? List with Nomad and lock in guaranteed rent, faster. Get started at https://nomadlease.com/ 

Data source: Zillow