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Rental market in the United States

Statistics report about the U.S. rental market

This report presents a range of statistics and facts on the residential rental market in the United States. It includes data on the composition of rental households, as well as the development of rental costs, vacancies, and the rental housing stock.
More information on the U.S. real estate market can be found in the following reports:

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Table of contents

Overview

7
  • Premium Statistic Share of renter households in the U.S. 2024, by state
  • Premium Statistic Cost of living index in the U.S. 2025, by state
  • Premium Forecast Number of existing residential real estate leases in the United States 2017-2031
  • Premium Statistic Consumer price index for rent of primary residence in the U.S. 2000-2025
  • Premium Statistic Year-on-year apartment rent change in the U.S. 2018-2026, by month
  • Premium Statistic Year-on-year apartment rent change in the U.S. 2026, by state
  • Premium Statistic Market share of rental property review sites U.S. 2025

Rental housing stock and supply

6
  • Premium Statistic Number of renter occupied homes in the U.S. 1975-2025
  • Premium Statistic Number of vacant rental units in the housing stock in the U.S. 2012-2025
  • Basic Statistic Rental vacancy rates in the U.S. 2000-2025, by region
  • Basic Statistic Vacancy rate index of rental apartments in the U.S. 2026, by state
  • Premium Statistic Volume of multifamily housing units completed in the U.S. 1972-2025
  • Premium Statistic Value of multifamily construction put in place U.S. 2005-2024, with forecasts to 2029

Renter profile

5
  • Premium Statistic Share of residents who are renters in the U.S. 2024, by age
  • Premium Statistic Living arrangements of renters in the U.S. 2024
  • Premium Statistic Size of renter households in the U.S. 2024
  • Premium Statistic Distribution of renters and owners in the U.S. 2024, by income
  • Premium Statistic Share of renters in the U.S. 2024, by structure type

Rental costs

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  • Premium Statistic Asking rent for unfurnished apartments in the U.S. 1980-2025
  • Premium Statistic Median monthly apartment rent in the U.S. 2017-2026, by apartment size
  • Premium Statistic Rent for small and medium apartments in the U.S. 2026, by state
  • Premium Statistic One-bedroom apartment rent in the largest cities in the U.S. 2026
  • Premium Statistic Monthly rent for mobile homes in the U.S. 2010-2025
  • Premium Statistic Median monthly rent for senior housing in the U.S. 2025, by state
  • Premium Statistic Monthly rent of student housing in the U.S. 2025, by university

Rental costs in the largest cities

5
  • Premium Statistic Monthly apartment rent and rental growth in New York City, NY 2018-2026
  • Premium Statistic Monthly apartment rent and rental growth in Los Angeles, CA 2018-2026
  • Premium Statistic Monthly apartment rent and rental growth in Chicago, IL, 2018-2026
  • Premium Statistic Monthly apartment rent and rental growth in Houston, TX, 2018-2026
  • Premium Statistic Monthly apartment rent and rental growth in Phoenix, AZ, 2018-2026

Rental affordability and homeownership plans

4
  • Premium Statistic House price to rent ratio index in the U.S. 2015-2024, by quarter
  • Basic Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by state
  • Basic Statistic Gross rent as a share of household income in the U.S. 2024
  • Premium Statistic Main reasons non-owners do not currently own a home U.S. 2024
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