Rental market in the United States

Statistics report about the U.S. rental market

Rental market in the United States

This report presents a range of statistics and facts on the residential rental market in the United States

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Table of contents

Overview

9
  • Premium Statistic Share of renter households in the U.S. 2022, by state
  • Premium Statistic Cost of living index in the U.S. 2023, by state
  • Premium Statistic Most attractive metros for renters in the U.S. 2023, by lead delta
  • Premium Statistic Least attractive metros for renters in the U.S. 2023, by lead delta
  • Premium Statistic Market share of rental property review sites U.S. 2023
  • Premium Forecast Number of residential real estate leases in the U.S. 2017-2023 with forecast by 2028
  • Premium Statistic Year-on-year apartment rent change in the U.S. 2018-2023, per month
  • Premium Statistic Consumer price index for rent of primary residence in the U.S. 2000-2023
  • Premium Statistic Year-on-year apartment rent change in the U.S. 2023, by state

Rental housing stock and supply

6
  • Premium Statistic Number of renter occupied homes in the U.S. 1975-2023
  • Premium Statistic U.S. housing stock: vacant rental units 2012-2023
  • Basic Statistic Vacancy rate index of rental apartments in the U.S. 2023, by state
  • Basic Statistic Rental vacancy rates in the U.S. 2000-2023, by region
  • Premium Statistic Volume of multifamily housing units completed in the U.S. 1997-2022
  • Premium Statistic Value of multifamily construction put in place U.S. 2005-2023, with forecasts to 2028

Renter profile

5
  • Premium Statistic Share of residents who are renters in the U.S. 2022, by age
  • Premium Statistic Living arrangements of renters in the U.S. 2022
  • Premium Statistic Size of renter households in the U.S. 2022
  • Premium Statistic Distribution of renters and owners in the U.S. 2022, by income
  • Premium Statistic Share of renters in the U.S. 2022, by structure type

Rental costs

7
  • Premium Statistic Asking rent for unfurnished apartments in the U.S. 1980-2023
  • Premium Statistic Average monthly apartment rent in the U.S. 2017-2023, by apartment size
  • Premium Statistic Rent for small and medium apartments in the U.S. 2023, by state
  • Premium Statistic One-bedroom apartment rent in the largest cities in the U.S. 2023
  • Premium Statistic Monthly rent for mobile homes in the U.S. 2010-2023
  • Premium Statistic Median monthly rent for senior housing in the U.S. 2023, by state
  • Premium Statistic Monthly rent of student housing in the U.S. 2023, by university

Rental costs in the largest cities

5
  • Premium Statistic Monthly apartment rent and rental growth in New York City, NY 2018-2023
  • Premium Statistic Monthly apartment rent and rental growth in Los Angeles, CA 2018-2023
  • Premium Statistic Monthly apartment rent and rental growth in Chicago, IL, 2018-2023
  • Premium Statistic Monthly apartment rent and rental growth in Houston, TX, 2018-2023
  • Premium Statistic Monthly apartment rent and rental growth in Phoenix, AZ, 2018-2023

Rental affordability and homeownership plans

7
  • Premium Statistic House price to rent ratio index in the U.S. 2015-2023, per quarter
  • Basic Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2024, by state
  • Basic Statistic U.S. gross rent as a share of household income 2023
  • Premium Statistic Share of renters with rent arrears in the U.S. 2023, by age group
  • Premium Statistic Share of renters with rent arrears in the U.S. 2023, by race
  • Premium Statistic Main reasons non-owners do not currently own a home U.S. 2023
  • Premium Statistic Homebuyers who struggle to find a home due to affordability U.S. 2023, by generation
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