National single-family rental growth leveled off in April, with year-over-year gains remaining in the same range they have been for most of the past year at 3 percent.

Only the highest price tier – encompassing properties priced at 125 percent or more of the regional median – logged an increase from April of last year, according to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Rents in this category were up 3.2 percent in April, compared with 1.8 percent in April 2023.

Rents in the lower-priced tier were up 3.1 percent, down from 6 percent in April 2023, while rents in the lower-middle priced tier were up 3.5 percent, down from 4.2 percent last year, and rents in the higher-middle tier were up 3.3 percent, down from 3.6 percent in April last year.