June 2026 Rental Market Report
The Market in June: Quick Read
If you're wondering whether now is a good time to list a rental, June's numbers provide a clear answer. Median asking rents reached their highest level of 2026, while median days on market improved to just 28 days, creating favorable conditions for many landlords entering the busiest part of the leasing season.
Beyond pricing and vacancy trends, this month's data reveals important shifts in maintenance activity, regional market performance, and tenant demand patterns. Understanding these changes can help rental owners make smarter leasing, pricing, and operational decisions during the second half of the year.
What Rentals Are Going For
Median asking rent in June: $1,850/month.
Rents climbed modestly from May, reaching the highest median of the year. The 3BR-to-4BR jump remains the steepest step on the ladder: $2,195 to $2,900, a 32% premium. Townhouses ($2,450 median) again lead all property types, outpacing both condos ($2,210) and single-family houses ($2,100). Studios dropped to a $1,000 median, the lowest of any bedroom category by a wide margin.
By Bedroom Count
| Bedrooms | Avg Rent | Median Rent |
|---|---|---|
| Studio | $1,269 | $1,000 |
| 1 BR | $1,618 | $1,800 |
| 2 BR | $1,694 | $1,500 |
| 3 BR | $2,386 | $2,195 |
| 4 BR | $3,138 | $2,900 |
| 5+ BR | $4,320 | $3,499 |
By Property Type
| Type | Avg Rent | Median Rent |
|---|---|---|
| House | $2,458 | $2,100 |
| Apartment | $1,726 | $1,800 |
| Townhouse | $2,634 | $2,450 |
| Condo | $2,460 | $2,210 |
| Duplex | $1,680 | $1,450 |
By State (Top 10 Markets by Volume)
| State | Avg Rent | Median Rent |
|---|---|---|
| CA | $2,858 | $2,300 |
| PA | $1,274 | $1,023 |
| OH | $1,386 | $1,249 |
| TX | $1,799 | $1,650 |
| CO | $2,848 | $2,900 |
| FL | $2,518 | $2,095 |
| IL | $1,856 | $1,675 |
| MA | $2,425 | $2,100 |
| MI | $1,415 | $1,200 |
| UT | $1,947 | $1,700 |
Ohio remains the most affordable top market at $1,249 median rent, 57% below Colorado's $2,900, the most expensive in the top 10. Colorado's high median reflects a concentration of suburban single-family listings in the $2,500+ range rather than a uniformly expensive market.
Top 5 Cities by Listing Volume
| City, State | Avg Rent | Median Rent |
|---|---|---|
| Los Angeles, CA | $3,337 | $2,973 |
| San Diego, CA | $2,560 | $2,300 |
| Cleveland, OH | $1,313 | $1,350 |
| Washington, DC | $2,915 | $2,595 |
| Denver, CO | $2,695 | $2,250 |
Most Expensive Cities (10+ listings)
| City, State | Avg Rent | Median Rent |
|---|---|---|
| Aurora, CO | $3,291 | $3,295 |
| Cambridge, MA | $3,098 | $3,000 |
| Los Angeles, CA | $3,337 | $2,973 |
Most Affordable Cities (10+ listings)
| City, State | Avg Rent | Median Rent |
|---|---|---|
| Peoria, IL | $621 | $629 |
| Detroit, MI | $1,071 | $1,000 |
| Memphis, TN | $1,178 | $1,095 |
Security Deposits
The average security deposit in June was $2,150 (median: $1,900), with a deposit-to-rent ratio of 1.05x. Landlords continue to hold close to one month's rent as deposit, consistent with the pattern seen throughout the first half of 2026.
Days on Market: Summer Demand Tightens Fill Times
Median days on market was 28 days in June, down from 30 in May and a 15% improvement from January's winter peak of 33 days. The summer leasing season is pulling vacancies off the market faster, though fill times remain above the March low of 22 days. Landlords listing now should expect to fill a vacancy in roughly four weeks in most markets.
Trailing 6 Months
| Month | Avg DOM | Median DOM |
|---|---|---|
| Jan 2026 | 52 | 33 |
| Feb 2026 | 46 | 28 |
| Mar 2026 | 42 | 22 |
| Apr 2026 | 43 | 24 |
| May 2026 | 54 | 30 |
| Jun 2026 | 55 | 28 |
By State
| State | Avg DOM | Median DOM |
|---|---|---|
| PA | 55 | 15 |
| MS | 24 | 20 |
| AL | 28 | 20 |
| WA | 28 | 21 |
| MO | 37 | 21 |
| IN | 37 | 21 |
| NY | 60 | 22 |
| CA | 37 | 23 |
| CO | 30 | 24 |
| OH | 39 | 24 |
| VA | 38 | 25 |
| AZ | 54 | 26 |
| IL | 113 | 26 |
| MA | 43 | 27 |
| MN | 27 | 27 |
| HI | 35 | 30 |
| FL | 34 | 31 |
| NC | 125 | 37 |
| WI | 33 | 38 |
| TX | 76 | 39 |
| MI | 58 | 41 |
| DC | 34 | 41 |
| GA | 53 | 50 |
| NJ | 98 | 59 |
| TN | 69 | 60 |
| UT | 155 | 111 |
Pennsylvania (15 days), Mississippi (20 days), and Alabama (20 days) were the fastest markets to fill vacancies in June. All three have affordable median rents, which helps explain the speed. On the slow end, Utah (111 days), Tennessee (60 days), and New Jersey (59 days) lagged significantly. Utah's 111-day median is an extreme outlier and likely reflects a small number of long-sitting luxury or niche listings skewing the results. Illinois is also notable: its median DOM of 26 days is reasonable, but its average of 113 days suggests a handful of very stale listings pulling the average far above the typical experience.
Maintenance: Pest Season in Full Swing
Top Categories, June 2026
| Category | % of Total Requests |
|---|---|
| Other | 24.7% |
| Plumbing | 21.8% |
| Heating/HVAC | 13.8% |
| Appliance Repair | 11.1% |
| Electrical | 6.5% |
| Pest Control | 6.2% |
| Turnover/Cleaning | 3.5% |
| Rekey/Locksmith | 3.0% |
Plumbing continues to lead at 21.8% of all requests, though its share has declined from the 27.5% peak during January's frozen pipe season. The bigger story is pest control, which has climbed from 3.2% of requests in January to 6.2% in June, nearly doubling its share as summer drives insect and rodent activity higher. Heating and HVAC requests remain elevated at 13.8%, likely shifting from heating-only calls to air conditioning service as temperatures rise. Turnover and cleaning requests ticked up to 3.5%, reflecting the peak-season churn of tenants moving in and out. Property managers should have pest control vendors on speed dial through the end of summer.
Rent Delinquency: The Steepest Climb of the Year
The national rent delinquency rate reached 11.6% in June, up from 7.5% in May and more than double the January rate of 4.3%. This is the largest single-month increase of 2026.
Trailing 6 Months
| Month | Delinquency Rate |
|---|---|
| Jan 2026 | 4.3% |
| Feb 2026 | 4.7% |
| Mar 2026 | 5.1% |
| Apr 2026 | 5.8% |
| May 2026 | 7.5% |
| Jun 2026 | 11.6% |
Highest Delinquency by State
| State | Delinquency Rate |
|---|---|
| TN | 23.9% |
| MS | 21.7% |
| OH | 20.3% |
| IA | 19.8% |
| GA | 18.3% |
Lowest Delinquency by State
| State | Delinquency Rate |
|---|---|
| AK | 2.2% |
| HI | 3.4% |
| CA | 5.7% |
| UT | 5.9% |
| ID | 6.1% |
Highest Delinquency by City
| City, State | Delinquency Rate |
|---|---|
| Cleveland, OH | 53.7% |
| Memphis, TN | 41.8% |
| Jacksonville, FL | 40.9% |
| Wichita, KS | 38.9% |
| Jackson, MS | 38.6% |
Lowest Delinquency by City
| City, State | Delinquency Rate |
|---|---|
| Honolulu, HI | 1.1% |
| Troy, NY | 1.4% |
| Galveston, TX | 1.8% |
| Rancho Cucamonga, CA | 1.9% |
| San Jose, CA | 2.4% |
By Property Type
| Property Type | Delinquency Rate |
|---|---|
| Garden Style | 17.9% |
| Mobile | 16.5% |
| Triplex | 14.7% |
| Duplex | 12.1% |
| 4-Plex | 11.6% |
| House | 10.4% |
| Apartment | 10.1% |
| Townhouse | 8.6% |
| Condo | 5.9% |
By Bedroom Count
| Bedrooms | Delinquency Rate |
|---|---|
| Studio | 9.6% |
| 1 BR | 8.6% |
| 2 BR | 10.7% |
| 3 BR | 11.1% |
| 4 BR | 11.3% |
| 5+ BR | 12.4% |
The geographic pattern is consistent with prior months. Tennessee (23.9%), Mississippi (21.7%), and Ohio (20.3%) lead the state-level delinquency table, while Alaska (2.2%), Hawaii (3.4%), and California (5.7%) sit at the bottom. At the city level, Cleveland stands out at 53.7%, meaning more than half of automated rent payments due in June went unpaid. Memphis (41.8%), Jacksonville (40.9%), and Wichita (38.9%) round out the worst-performing cities. By property type, garden-style apartments (17.9%) and mobile homes (16.5%) have the highest delinquency, while condos (5.9%) and townhouses (8.6%) remain the most reliable. Delinquency also scales with unit size: studios and 1BRs run below the national average, while 4BR and 5+ BR units trend above it.
Market Risks and Opportunities
While rents and leasing activity remained healthy in June, payment performance varied considerably across markets. Some regions experienced higher levels of missed or delayed rent payments than others, reinforcing the importance of strong tenant screening, clear rent collection processes, and consistent communication with residents.
At the same time, many markets continued to benefit from stable demand and strong local economic conditions. Rather than focusing on a single national metric, landlords should pay close attention to trends within their own portfolio and market, where conditions can differ significantly from broader national averages.
Data from Hemlane platform activity, June 2026. Hemlane provides property management software for independent landlords and property managers across the U.S. This report is published monthly.
Get the Latest in Real Estate & Property Management!
I consent to receiving news, emails, and related marketing communications. I have read and agree with the privacy policy.
