Viewpoint Index: The traditional peak season for renting apartments during graduation season has not materialized. The rental prices in 50 cities continued to decline in July.

Wisdom Financial APP learned that the Opinion Index has released the "2025 August Housing Rental Development Report". In July 2025, the average rental price per square meter per month for residential properties in 50 cities (including Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu, Wuhan, etc.) was 31.94 yuan, with both a month-on-month and year-on-year decrease of -1.51% and -4.42% respectively. The double decline indicates a lack of support from the demand side in the current market. From the data, it can be seen that the traditional peak season effect for renting during the graduation season has not appeared, and rental prices have continued to decline, obstructing the market's recovery process. The current rental market has entered a stage of trading price for quantity, and it is expected that rental prices will remain at low levels before the end of the third quarter, especially non-core cities and suburban housing may face greater price pressure. In the long term, the future rental trends in key cities will increasingly rely on fundamental economic conditions and substantial improvements on the demand side.