Topic: Apartments in the U.S.

U.S. Apartments - statistics & facts

Apartments are far from being the most popular choice for aspiring American homeowners: In 2020, only a small percentage of recent home buyers purchased an apartment or a condo. Though they might seem like a downgrade from a single-family home, there are countless advantages to living in an apartment. In densely populated areas such as New York City or Hong Kong, apartments are often the only housing option.

Share of population of Washington
**%

Number of apartment renters in multi-family buildings
****m

Leading apartment owner in the U.S.
Greystar Real Estate Partners

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Current statistics on this topic

Apartments

Median monthly apartment rent in the U.S. 2017-2026, by apartment size

Apartments

Leading apartment owners in the U.S. 2025, by units owned

Apartments

Year-on-year apartment rent change in the U.S. 2026, by state

Overview

Key figures of the apartment rental market in the U.S. 2022
Key figures of the apartment rental market in the U.S. 2022
Key figures of the apartment rental market in the United States as of August 2022
Most affordable cities to rent an apartment in the U.S. 2025, by apartment size
Most affordable cities to rent an apartment in the U.S. 2025, by apartment size
Apartment size for 1,500 U.S. dollars monthly rent in the most affordable cities in the United States in 2025 (in square feet)
Median monthly apartment rent in the U.S. 2017-2026, by apartment size
Median monthly apartment rent in the U.S. 2017-2026, by apartment size
Median monthly apartment rent in the United States from January 2017 to June 2026, by apartment size (in U.S. dollars)
Apartment rent in the United States in 2026, by state
Apartment rent in the United States in 2026, by state
Median monthly apartment rent in the United States as of March 2026, by state (in U.S. dollars)
Asking rent for unfurnished apartments in the U.S. 1980-2025
Asking rent for unfurnished apartments in the U.S. 1980-2025
Monthly median asking rent for unfurnished apartments in the United States from 1980 to 2025 (in U.S. dollars)
Leading apartment owners in the U.S. 2025, by units owned
Leading apartment owners in the U.S. 2025, by units owned
Leading apartment owners in the United States in 2025, by units owned
Size of apartment rental market U.S. 2012-2022, with a forecast for 2023
Size of apartment rental market U.S. 2012-2022, with a forecast for 2023
Size of apartment rental market in the United States from 2012 to 2022, with a forecast for 2023 (in billion U.S. dollars)
Size of property management market in the U.S. 2013-2023
Size of property management market in the U.S. 2013-2023
Size of property management market in the United States from 2013 to 2023 (in billion U.S. dollars)
Amenities that apartment renters wish they had in the U.S. in 2021
Amenities that apartment renters wish they had in the U.S. in 2021
Distribution of renters in the United States in 2021, by most desired apartment amenity
Most popular and desired amenities for apartment renters in the U.S. in 2022
Most popular and desired amenities for apartment renters in the U.S. in 2022
Most popular and desired amenities in rental homes in the United States in 2022

Construction

Rental stock in select metros in the U.S. 2022, by type of building
Rental stock in select metros in the U.S. 2022, by type of building
Rental stock in select metros the United States in 2022, by type of building (in 1,000s)
Leading apartment developers in the U.S. 2024
Leading apartment developers in the U.S. 2024
Leading apartment developers in the United States in 2024, by units started
U.S. new apartment supply 2001-2024
U.S. new apartment supply 2001-2024
Number of apartment deliveries in the United States from 2001 to 2024 (1,000s)
New apartments expected to be completed in the U.S. 2024, by metro area
New apartments expected to be completed in the U.S. 2024, by metro area
Number of apartments expected to be completed in selected metro areas in the United States in 2024, by selected metro areas
Median size of multifamily housing units in the U.S. 2000-2025
Median size of multifamily housing units in the U.S. 2000-2025
Median size of multifamily housing units completed in the United States from 2000 to 2025 (in square feet)
Average apartment size in the largest cities in the U.S. 2024
Average apartment size in the largest cities in the U.S. 2024
Average apartment size in the largest cities in the United States in 2024 (in square feet)
Number of office-to-apartment conversions in pipeline in the U.S. 2021-2024
Number of office-to-apartment conversions in pipeline in the U.S. 2021-2024
Number of office-to-apartment conversions in pipeline in the United States from 2021 to 2024

Industry data

Apartment sales volume index in the U.S. 2016-2024, per quarter
Apartment sales volume index in the U.S. 2016-2024, per quarter
Apartment sales volume index in the United States from January 2016 to July 2024
Apartment market tightness index U.S. 2016-2024, per quarter
Apartment market tightness index U.S. 2016-2024, per quarter
Apartment market tightness index in the United States from January 2016 to July 2024
Apartment market debt and equity financing index U.S. 2016-2024, per quarter
Apartment market debt and equity financing index U.S. 2016-2024, per quarter
Apartment market debt and equity financing index in the United States from January 2016 to July 2024
Apartment stock value per square foot in the U.S. 2010-2021
Apartment stock value per square foot in the U.S. 2010-2021
Value of apartment stock per square foot in the United States from 2010 to 2021 (in U.S. dollars)
Market share of rental property review sites U.S. 2025
Market share of rental property review sites U.S. 2025
Market share of rental property review sites in the United States as of 2025
Most commonly mentioned themes in online property reviews in the U.S. 2024
Most commonly mentioned themes in online property reviews in the U.S. 2024
Most commonly mentioned themes in multifamily rental property reviews in the United States as of 2023
Average number of online reviews per rental property U.S. 2015-2025
Average number of online reviews per rental property U.S. 2015-2025
Average number of online reviews per multifamily rental property in the United States from 2015 to 2025
Average online review rating of rental properties U.S. 2025, by review site
Average online review rating of rental properties U.S. 2025, by review site
Average online review rating of multifamily rental properties listed on different review sites in the United States in 2025

Affordability

U.S. cities with highest rents for one bedroom apartments in 2026
U.S. cities with highest rents for one bedroom apartments in 2026
Average rent for one bedroom apartments in the United States as of January 2026, by city (in U.S. dollars)
Year-on-year apartment rent change in the U.S. 2026, by state
Year-on-year apartment rent change in the U.S. 2026, by state
Annual change in average monthly apartment rent in the United States as of April 2026, by state
U.S. two-bedroom housing fair market rent 2025, by state
U.S. two-bedroom housing fair market rent 2025, by state
Fair market rent value of two-bedroom apartment in the United States in 2025, by state (in U.S. dollars)
Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by state
Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by state
Hourly wages needed to afford a two-bedroom apartment in the United States in 2025, by state (in U.S. dollars)
Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by county
Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by county
Hourly wages needed to afford a two-bedroom apartment in selected counties in the United States in 2025 (in U.S. dollars)
Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by metro area
Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by metro area
Hourly wages needed to afford a two-bedroom apartment in the United States in 2025, by metropolitan area (in U.S. dollars)

Share of population of Washington
**%

Number of apartment renters in multi-family buildings
****m

Leading apartment owner in the U.S.
Greystar Real Estate Partners

Key figures

The most important key figures provide you with a compact summary of the topic of "Apartments in the U.S." and take you straight to the corresponding statistics.

- Apartment developer with the most units started in the U.S.
- Greystar
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Detailed statistics
Leading apartment developers in the U.S. 2024
- Share of new U.S. rental developments that were high-end
- **%
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Detailed statistics
Share of luxury apartments built in the U.S. 2012-2018
- Average size of new two-bedroom apartments in the U.S.
- ******sq ft
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Detailed statistics
Average size of newly built two-bedroom apartments in the U.S. 2008-2018

- Average rent for one bedroom apartments in NYC
- ****k USD
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Detailed statistics
U.S. cities with highest rents for one bedroom apartments in 2026
- State with the highest fair market rent value of a two-bedroom apartment in the U.S.
- California
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Detailed statistics
U.S. two-bedroom housing fair market rent 2025, by state
- Hourly wages needed to afford a two-bedroom apartment in the Santa Cruz, CA metropolitan area
- *****USD
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Detailed statistics
Hourly wages needed to afford a two-bedroom apartment in the U.S. 2025, by metro area

- Increase in apartment rent from providing a doorman in Los Angeles, CA
- ****USD
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Detailed statistics
Features increasing apartment rents in selected U.S. cities 2017
- Share of New York rental apartments with a dishwasher
- **%
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Detailed statistics
Share of rental apartments with selected amenities in New York 2018
- Share of San Diego, CA rental apartments with a swimming pool
- **%
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Detailed statistics
Share of rental apartments with selected amenities in San Diego 2018

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Single-family homes in the United States

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U.S. Apartments - statistics & facts

Key insights