In 2024, New York, NY, was the most expensive rental market for one-bedroom apartments in the United States. The median monthly rental rate of an apartment in New York was ***** U.S. dollars, while in San Francisco, CA which ranked second highest, renters paid on average ***** U.S. dollars.

As of January 2025, the rent for a two-bedroom apartment in Hawaii was about 120 U.S. dollars higher than in California. The states of Hawaii and California ranked as the most expensive within the United States for apartment renters. Conversely, an apartment in Arkansas was almost three times more affordable than one in Hawaii.In 2025, the average monthly rent in the U.S. declined slightly. Nevertheless, in rents increased in most states, with West Virginia registering the highest growth.

The average rent for a one-bedroom apartment in Tokyo, Japan, was approximately ***** U.S. dollars per month. In comparison, the average monthly rent for a one-bedroom apartment in Shanghai, China, was approximately *** U.S. dollars.

Revenue for apartment lessors has expanded through the end of 2025. Apartment lessors collect rental income from rental properties, where market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. As the Federal Reserve hiked interest rates 11 times between March 2022 and January 2024, homeownership was pushed beyond the reach of many, resulting in a tighter supply and increased demand for rental properties. Despite three interest rate cuts in 2024, mortgage rates have remained high, further encouraging consumers to rent. Revenue has climbed at a CAGR of 2.9% over the past five years and is expected to reach $299.7 billion by the end of 2025. This includes an anticipated 3.0% gain in 2025 alone. The increasing unaffordability of housing is caused by the steady climb of mortgage rates and high prices maintained by a low supply. Supply has been held down as buyers who locked in low rates stay put, and investment groups hold a strategic number of their properties empty as investments. Industry profit has remained elevated because of solid demand for apartment rentals. Through the end of 2030, the apartment rental industry's future performance is likely to be shaped by varying factors. The apartment supply in the US, which hit a record in 2024, is expected to taper off, which will, in turn, push rental prices and occupancy rates up to the lessors' benefit. Other factors, such as further interest rate cuts, decreasing financial barriers to homeownership, and a high rate of urbanization, will also significantly impact the industry. Wth approximately 80.7% of the US population living in urban areas, demand for apartment rentals will strengthen, although rising rental prices could force potential renters to cheaper suburbs. Demand will continue to outpace supply growth, prompting a climb in revenue. Revenue is expected to swell at a CAGR of 2.8% over the next five years, reaching an estimated $344.3 billion in 2030.

The average monthly rent for all apartment types in the U.S. soared in 2021 and 2022, followed by a slight decline in the next two years. In April 2025, the monthly rent for a two-bedroom apartment amounting to ***** U.S. dollars. That was an increase from ***** U.S. dollars in January 2021, but a decline from the peak value of ***** U.S. dollars in August 2022. Where are the most expensive apartments in the U.S.? Apartment rents vary widely from state to state. To afford a two-bedroom apartment in California, for example, a renter needed to earn an average hourly wage of nearly ** U.S. dollars, which was approximately double the average wage in North Carolina and three times as much as the average wage in Arkansas. In fact, rental costs were considerably higher than the hourly minimum wage in all U.S. states. How did rents change in different states in the U.S.? In 2024, some of the most expensive states to rent an apartment only saw a moderate increase in rental prices. Nevertheless, rents increased in most states as of April 2025. In West Virginia, the annual rental growth was the highest, at ***** percent.

Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q1 2025 about vacancy, rent, rate, and USA.

Global Real Estate Rental market size is expected to reach $3877.45 billion by 2029 at 7.4%, segmented as by type, residential buildings and dwellings rental services, non-residential buildings rental services

BR: FipeZap: House Asking Price Index: Rent: São Paulo: 1 Bedroom data was reported at 248.396 2010=100 in Mar 2025. This records an increase from the previous number of 245.521 2010=100 for Feb 2025. BR: FipeZap: House Asking Price Index: Rent: São Paulo: 1 Bedroom data is updated monthly, averaging 144.731 2010=100 from Jan 2008 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 248.396 2010=100 in Mar 2025 and a record low of 69.277 2010=100 in Jan 2008. BR: FipeZap: House Asking Price Index: Rent: São Paulo: 1 Bedroom data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Global Database’s Brazil – Table BR.RKB005: Real Estate: FipeZap House Asking Price Index: Rent. The FipeZap Index uses announcements of sale or rental of apartments ready registered in many websites as data sources.

Long Term Rental Apartments Market Outlook

The global long-term rental apartments market size was valued at approximately $XX billion in 2023 and is projected to reach $XX billion by 2032, growing at a compound annual growth rate (CAGR) of X.X% during the forecast period. The primary growth factor driving this market includes the increasing preference for renting over buying among millennials and younger demographics, coupled with the rising urbanization and influx of a global workforce in major cities.

One of the significant growth drivers for the long-term rental apartments market is the shifting cultural norm towards rental living. Many young professionals and millennials are prioritizing flexibility and financial liquidity over homeownership, which often comes with long-term financial commitments and maintenance responsibilities. This shift is further fueled by escalating real estate prices in urban centers, making homeownership less attainable for a significant portion of the population. Consequently, long-term rental apartments have become a preferred option for those seeking a stable, yet flexible living arrangement.

Another contributing factor to the market growth is the increasing demand for rental properties that cater specifically to certain demographics, such as students and working professionals. Purpose-built rental communities that offer amenities tailored to these groups are becoming more prevalent. These communities often feature co-working spaces, fitness centers, and entertainment areas, appealing to the lifestyle preferences of younger tenants. Moreover, the rise of remote and hybrid work models has expanded the geographical options for working professionals, further boosting demand for varied rental properties.

Technological advancements and digital transformation within the real estate sector also play a critical role in the market's expansion. Online platforms and mobile applications have simplified the process of finding, leasing, and managing rental apartments. Virtual tours, digital lease signing, and online payment systems enhance the convenience for both tenants and property managers. These innovations are particularly appealing to the tech-savvy younger generation, who prefer efficient and seamless digital experiences.

Regionally, North America and Europe are currently leading the market due to high urbanization rates and a significant population of renters. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period. Rapid urbanization, economic development, and an increasing influx of expatriates and students in countries like China, India, and Southeast Asian nations are contributing to the rising demand for long-term rental apartments in this region.

Type Analysis

The long-term rental apartments market can be broadly segmented into furnished and unfurnished apartments. Furnished apartments are those that come with essential furniture and appliances, catering to tenants who prefer a ready-to-move-in option. These types of apartments are particularly popular among expatriates, corporate employees, and students who may not want the hassle of buying or transporting furniture. The demand for furnished apartments is witnessing a steady incline, especially in metropolitan cities where convenience often trumps cost considerations.

Unfurnished apartments, on the other hand, are bare units without any major furnishings. These are typically favored by families and long-term residents who prefer to customize their living spaces according to personal preferences. While the initial setup cost may be higher for tenants, unfurnished apartments offer a higher degree of flexibility in terms of interior design and personalization. This segment continues to hold a substantial share of the market as it appeals to a different, yet significant, tenant base.

The key factors influencing the choice between furnished and unfurnished apartments include rental cost, lease duration, and tenant lifestyle. Furnished apartments generally command higher rental prices but attract tenants looking for short to medium-term stays. Conversely, unfurnished apartments tend to have lower rent but may require a longer lease commitment. Understanding these dynamics is crucial for property managers and investors aiming to target specific tenant segments effectively.

Moreover, the availability of furnished versus unfurnished apartments varies significantly across regions. In North America and Europe, there is a balanced mix of both types, while in A

BR: FipeZap: House Asking Price Index: Rental Yield: Rio de Janeiro: 1 Bedroom data was reported at 0.498 % in Mar 2025. This records an increase from the previous number of 0.495 % for Feb 2025. BR: FipeZap: House Asking Price Index: Rental Yield: Rio de Janeiro: 1 Bedroom data is updated monthly, averaging 0.384 % from Jan 2008 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 0.623 % in Mar 2008 and a record low of 0.322 % in Nov 2017. BR: FipeZap: House Asking Price Index: Rental Yield: Rio de Janeiro: 1 Bedroom data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Global Database’s Brazil – Table BR.RKB009: Real Estate: FipeZap House Asking Price Index: Rent: Rental Yield. The FipeZap Index uses announcements of sale or rental of apartments ready registered in many websites as data sources.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished one-bedroom unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

BR: FipeZap: House Asking Price Index: Rent: MoM: São Paulo: 1 Bedroom data was reported at 1.171 % in Mar 2025. This records a decrease from the previous number of 1.328 % for Feb 2025. BR: FipeZap: House Asking Price Index: Rent: MoM: São Paulo: 1 Bedroom data is updated monthly, averaging 0.601 % from Feb 2008 (Median) to Mar 2025, with 206 observations. The data reached an all-time high of 8.583 % in Mar 2008 and a record low of -1.604 % in Jan 2010. BR: FipeZap: House Asking Price Index: Rent: MoM: São Paulo: 1 Bedroom data remains active status in CEIC and is reported by Institute of Economic Research Foundation. The data is categorized under Global Database’s Brazil – Table BR.RKB006: Real Estate: FipeZap House Asking Price Index: Rent: Month-on-Month. The FipeZap Index uses announcements of sale or rental of apartments ready registered in many websites as data sources.

The online home rental market is set to experience significant growth from 2025 to 2035, driven by increasing urbanization, rising digital adoption, and the growing demand for flexible living solutions. The market is expected to expand from USD 20.4 billion in 2025 to USD 82.5 billion by 2035, reflecting a CAGR of 14.2% during the forecast period.

Metric	Value
Industry Size (2025E)	USD 20.4 billion
Industry Value (2035F)	USD 82.5 billion
CAGR (2025 to 2035)	14.2%

Global Online Home Rental Market - Country-Wise Per Capita Spending

Country	United States
Population (millions)	345.4
Estimated Per Capita Spending (USD)	145.20

Country	United Kingdom
Population (millions)	68.3
Estimated Per Capita Spending (USD)	132.50

Country	Germany
Population (millions)	83.2
Estimated Per Capita Spending (USD)	120.80

Country	France
Population (millions)	65.6
Estimated Per Capita Spending (USD)	110.30

Country	Canada
Population (millions)	39.2
Estimated Per Capita Spending (USD)	138.60

Country-Wise Outlook

Country	CAGR (2025 to 2035)
United States	6.8%

Country	CAGR (2025 to 2035)
United Kingdom	6.5%

Country	CAGR (2025 to 2035)
Germany	6.7%

Country	CAGR (2025 to 2035)
India	7.5%

Country	CAGR (2025 to 2035)
China	8.1%

Competition Outlook

Estimated Market Share (%), 2024
Airbnb	20-25%
Zillow Rentals	15 to 20%
Realtor.com	12-16%
Apartments.com ( CoStar Group)	10-14%
Other Companies (combined)	35-45%

Graph and download economic data for Housing Inventory Estimate: Vacant Housing Units for Rent in the United States (ERENTUSQ176N) from Q2 2000 to Q1 2025 about vacancy, inventories, rent, housing, and USA.

Mobile Home Rental Market Outlook

The global mobile home rental market size was valued at USD 9.3 billion in 2023, and it is projected to reach USD 17.8 billion by 2032, growing at a CAGR of 7.5% during the forecast period. The growth of this market is driven by the increasing demand for affordable housing solutions and the rising trend of mobile living among different demographics. As urbanization continues to increase and housing prices soar, mobile homes present a viable and cost-effective alternative to traditional housing. The flexibility, affordability, and customization options associated with mobile homes have made them an attractive choice for many, thereby fueling the growth of the rental segment.

One of the primary growth factors for the mobile home rental market is the rising affordability crisis in urban housing. As property prices continue to skyrocket in major cities around the world, more individuals and families are turning to mobile homes as a practical solution. Mobile homes offer a lower cost of living, reduced maintenance expenses, and the ability to relocate easily, making them an appealing option for those who face financial constraints. Additionally, mobile homes are increasingly being designed with modern amenities and high-quality materials, improving their appeal and livability.

Another significant growth driver is the increasing acceptance and popularity of mobile home parks. These parks provide a community-based living environment with amenities such as recreational facilities, security, and maintenance services. This community aspect, combined with the affordability of mobile homes, attracts a diverse range of renters, from young professionals to retirees. Moreover, governments in various regions are also supporting the development of mobile home parks to address the housing shortage, further boosting the market.

The growing trend of minimalistic and sustainable living is also contributing to the market's expansion. Many individuals are prioritizing smaller, eco-friendly living spaces that reduce their carbon footprint. Mobile homes, which often employ sustainable building practices and materials, cater to this demographic. The ability to downsize and live a more sustainable lifestyle without sacrificing comfort is a strong selling point for mobile homes, increasing their popularity among environmentally conscious renters.

Regionally, North America holds the largest share of the mobile home rental market due to the high demand for affordable housing solutions and the presence of well-established mobile home communities. Europe is also witnessing significant growth, driven by similar affordability concerns and an increasing preference for flexible living options. Asia Pacific is expected to exhibit the highest CAGR during the forecast period, fueled by rapid urbanization, population growth, and government initiatives supporting affordable housing. Latin America and the Middle East & Africa regions are also showing promising growth potential, albeit at a slower pace.

Type Analysis

The mobile home rental market can be segmented by type into Single-Wide, Double-Wide, and Triple-Wide homes. Single-Wide mobile homes are the most traditional and common type, featuring a narrow and elongated structure that is easy to transport and set up. These homes are highly popular among individual renters and small families due to their affordability and simplicity. Despite their smaller size, many single-wide homes are equipped with modern amenities, making them a comfortable living option. The demand for single-wide homes remains strong, particularly in regions where affordable housing is scarce.

Double-Wide mobile homes consist of two sections that are joined together to create a larger living space. These homes offer more interior space and design flexibility compared to single-wide models, catering to families and individuals who require more room. The growing preference for spacious living environments without the high costs associated with traditional homes is driving the demand for double-wide mobile homes. Additionally, double-wide homes often feature more advanced amenities and higher quality finishes, further enhancing their appeal.

Triple-Wide mobile homes represent the largest and most luxurious segment within the mobile home rental market. These homes consist of three joined sections, providing a spacious and comfortable living environment that can rival traditional houses. Triple-wide homes are designed to offer maximum comfort and luxury, often featuring multiple bedrooms, large kitchens,

This group consists of vacant units offered for rent and those offered both for rent and sale.

Rent Inflation in the United States decreased to 3.90 percent in May from 4 percent in April of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.

Housing Rental Platform Market Outlook

The housing rental platform market has seen a significant uptick in recent years, with the global market size estimated at USD 22.6 billion in 2023. The market is projected to grow at a robust CAGR of 12.4% from 2024 to 2032, reaching an estimated USD 72.4 billion by 2032. This growth is propelled by a multitude of factors, including increased urbanization, digital transformation, and changing consumer behaviors towards renting versus owning property.

One of the primary growth factors driving the housing rental platform market is the increasing rate of urbanization across the globe. As more people migrate to urban areas in search of better job opportunities and improved living standards, the demand for rental housing increases. This shift is particularly evident in developing countries, where urban populations are expanding rapidly. Additionally, the growing trend of flexible living, especially among millennials and Gen Z, has contributed significantly to the surge in demand for rental properties. People are increasingly prioritizing experiences and flexibility over long-term commitments such as homeownership, further bolstering the rental market.

Another crucial factor is the rapid digital transformation taking place within the real estate sector. Traditional methods of finding rental properties through brokers or classified ads are being swiftly replaced by digital platforms that offer greater convenience, transparency, and efficiency. Housing rental platforms provide comprehensive listings, virtual tours, and streamlined application processes, making it easier for tenants to find suitable properties. Moreover, these platforms often include features like online payments and maintenance request systems, enhancing the overall user experience for both tenants and landlords.

Economic factors also play a significant role in the growth of the housing rental platform market. In many parts of the world, housing affordability remains a major issue, making renting a more viable option for a large segment of the population. Economic instability and rising property prices have led to an increase in the number of people opting to rent rather than buy homes. Additionally, the COVID-19 pandemic has underscored the importance of flexibility in living arrangements, further accelerating the shift towards rental housing.

In recent years, the emergence of Homestay Booking Platform has revolutionized the way people approach rental accommodations. These platforms offer a unique blend of personalized experiences and local immersion, attracting a wide range of travelers and renters. Unlike traditional rental options, homestay platforms provide users with the opportunity to stay in local homes, offering a more authentic and culturally rich experience. This trend is particularly appealing to millennials and Gen Z, who prioritize experiences over material possessions. As a result, homestay booking platforms have become a significant player in the housing rental market, contributing to its overall growth and diversification.

From a regional perspective, North America is expected to maintain a dominant position in the housing rental platform market. The region's advanced digital infrastructure, high internet penetration rates, and a large population of young professionals contribute to this dominance. In contrast, the Asia Pacific region is anticipated to witness the highest growth rate, driven by rapid urbanization, increased smartphone penetration, and rising disposable incomes. Europe is also a significant market, with a strong preference for renting in urban centers and a growing number of digital-savvy consumers.

Property Type Analysis

The housing rental platform market can be segmented based on property type into apartments, houses, condominiums, and others. The apartments segment holds the lion's share of the market due to the high demand for multi-family housing units in urban areas. Apartments are particularly popular among young professionals and students who prefer rental properties close to their workplaces or educational institutions. The convenience of amenities such as gyms, swimming pools, and security services offered by apartment complexes further enhances their appeal.

Houses form another significant segmen

Revenue for Canadian apartment lessors has gained through the end of 2025. Apartment lessors collect rental income from rental properties, so market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. Favourable economic conditions and demographic trends during most of the period have driven growth in demand. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the nature of apartment leases prevented a dip in revenue until 2021. Revenue has climbed since 2022 as higher prices and strong demand have fuelled a robust rental market. Revenue has climbed at a CAGR of 1.7% over the past five years and will reach $67.6 billion through the end of 2025. This includes a 1.6% swell in 2025 alone. Climbing vacancies fueled by a historic increase in rental supply will limit rent growth in 2025. The urban population in Canada has continued to expand, fuelling demand for housing in recent years. The supply of apartment rental units has lagged behind demand growth, reflected in low vacancy rates across Canada. Major urban centres have had especially low vacancy rates in recent years. Disposable income has also grown despite significant economic volatility. This has given individuals more funds to cover living expenses, which has enabled lessors to raise rental rates. Despite skyrocketing rental prices, profit has declined because of rising operating costs and property taxes. Favourable macroeconomic conditions are expected to fuel demand for apartment rentals moving forward. Per capita disposable income will climb while vacancy rates remain low. Furthermore, immigration and urbanization growth will fuel rent growth in major cities, benefiting apartment rental providers. Demand will continue to outpace supply growth, prompting a revenue gain. Revenue will expand at a CAGR of 1.3% through the end of 2030, reaching $71.9 billion in 2030.

Graph and download economic data for Rental Vacancy Rate in the South Census Region (RRVRSOQ156N) from Q1 1956 to Q1 2025 about South Census Region, vacancy, rent, rate, and USA.