Rental Market Heats Up as June Brings Peak Activity, Zillow Data Shows

As June begins, the rental market reaches its busiest point of the year, according to new data from Zillow Rentals. The first week of the month consistently sees a surge in rental activity, with listing views, applications, and communications with property managers climbing to their highest levels. This year, fueled by a record number of renter households, the competition appears even more intense than in previous years.

Zillow reports that in 2025, rental activity has already surpassed that of the past two years. A record 46 million households now rent their homes, and renters are moving at a rate nearly four times higher than homeowners, according to U.S. Census Bureau figures. Zillow’s platform is currently hosting over 2 million active listings, the highest number on any rental network, including a wide variety of single-family homes, apartments, and condos. Despite a construction boom in 2024, which added more new rental units than any year since the 1970s, incentives like free rent are becoming less common. The share of listings offering such concessions fell from nearly 40% in March to under 35% in April, reflecting tightening conditions.

For renters navigating the crowded market, Zillow recommends strategic tools and careful budgeting. Filters for move-in dates, pet policies, 3D tours, and floor plans can simplify the search process. Detailed breakdowns of rental costs, provided in the Costs & Fees sections of listings, aim to give prospective tenants a clear financial picture. Zillow’s Rent Affordability Calculator can help renters stay within budget, which 86% of surveyed renters say is a top priority.

To stretch finances further, renters are encouraged to consider options like renting a room. Zillow also offers a rent payment feature that reports on-time payments to credit bureaus, providing an opportunity for renters to build their credit histories. As the seasonal rush intensifies, these strategies could give renters a crucial edge in securing their next home without overspending.

Article by multiple RFHC contributors, based upon information from a press release issued by Zillow.

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