As of January 2025, the rent for a two-bedroom apartment in Hawaii was about *** 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 ***** 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.

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.

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.

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.

Apartment rents in two states and the District of Columbia in the U.S. exceeded ***** U.S. dollars in April 2025. In Hawaii, the median rent was about ***** U.S. dollars, nearly *** U.S. dollars higher than the national average. At the other end of the spectrum was Nebraska, where renters paid about ***** U.S. dollars for the median new lease. Overall, most states saw rental rates increase year-on-year.

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.

In January 2025, apartment rents recorded an annual growth in most U.S. states. Nevertheless, the national average rent declined by about *** percent. West Virginia was the state with the largest rental increase, while Colorado measured the largest decline. California, one of the most expensive states to rent an apartment, such as California, saw an increase of about *** percent from the previous year. How much should you earn to afford to rent an apartment in different states in the U.S.? Both employment opportunities and the living costs vary widely across the country. In California, which is among the most competitive housing markets in the U.S., the hourly wage needed to afford a two-bedroom apartment rental was roughly ** U.S. dollars, more than twice higher than in North Carolina, Louisiana, or Michigan in 2024. When it comes to the median household income, on the other hand, California does not even make it in the top ten states. How much should you earn to afford a home in some of U.S. largest metros? In 2022, the annual salary needed to buy a median-priced home in the U.S. was ****** U.S. dollars. However, in some of the largest metropolitan areas in the United States, where housing prices are up to two or three times higher, homebuyers would have to earn more than 100,000 U.S. dollars to afford a home. In San Jose, which was the most expensive metro, the annual salary needed for a median-priced home was approximately ******* U.S. dollars.

The online apartment rental services industry is experiencing significant growth because of the booming apartment supply, with over half a million new rental units completed in 2024. Major cities like New York, Dallas and Austin are leading the way in this surge, causing an influx of new, predominantly high-end rental units. As a result, there is increased competition among property managers and a need for more effective digital marketing strategies to reach potential renters. This accelerated growth is predominantly benefiting online rental services, which have seen a climb in listings that, in turn, drive more traffic as renters seek opportunities and deals in markets with slowing rent growth. Overall, industry-wide revenue has climbed at a CAGR of 7.7% to $928.1 million through the end of 2025, including an 8.6% gain in 2025 alone, when profit is expected to reach 23.8%. Leading organizations, such as Zillow and Redfin, are taking advantage of this trend by forming partnerships to expand their listing networks and reach. The consolidation of these digital platforms means renters can access a broader range of apartment listings, streamlining their search process and increasing market transparency. Meanwhile, property marketers are presented with simplified operations and increased marketing leads because of enhanced exposure across major rental platforms. However, smaller markets and affordable housing are not receiving the same benefits, signaling a need for more targeted digital marketing and search tools. The online apartment rental services industry is set to face a shift from oversupply to scarcity by the end of 2030. As apartment construction slows because of high borrowing costs, tighter lending standards and rising project costs, there will be a greater demand for platforms that can help landlords maximize occupancy and optimize rents in a tightening market. To meet this demand, innovations in technology, such as predictive analytics, dynamic pricing and personalized renter experiences, will become a necessity. Amid these changes, the industry is also likely to see a gain in demand for single-family rentals, creating new opportunities for digital platforms to expand their offerings and capture a larger market share. Industry revenue will strengthen at a CAGR of 9.0% to $1.4 billion in 2030.

Comprehensive dataset of 1,538 Apartment rental agencies in New York, United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The median rent for one- and two-bedroom apartments in Austin, Texas, amounted to ***** U.S. dollars by the end of April 2025. Prices increased slightly after the start of the coronavirus pandemic, but in November 2021, rents surged by almost ** percent. Finally, in April 2025, the rental growth rate experienced a decrease of **** percent. Among the different states in the U.S., Texas ranks as one of the mid-price range rental markets.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUUR0000SEHA) from Dec 1914 to May 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

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.

This dataset provides information on 5,125 in Texas, United States as of June, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

This dataset provides information on 159 in New York, United States as of June, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

This dataset provides information on 301 in California, United States as of June, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

The centralized long-term rental apartment market is experiencing robust growth, driven by increasing urbanization, the rise of the gig economy (fueling demand from migrant workers and international students), and the preference for convenient, professionally managed housing solutions. The market is segmented by application (migrant workers, international students, and other) and model (asset-heavy and asset-light). Asset-light models, leveraging technology and partnerships, are gaining traction due to lower capital investment requirements and scalability. While the exact market size in 2025 is unavailable, considering the presence of major players like Greystar, AvalonBay Communities, and substantial activity in regions like North America and Asia-Pacific (particularly China), a reasonable estimate would place the global market size at approximately $500 billion. A conservative Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033 is projected, reflecting steady growth influenced by factors such as fluctuating interest rates and economic conditions. Restraints include regulatory hurdles, varying local market dynamics, and competition from traditional rental models. North America and Asia-Pacific are expected to dominate market share, fueled by strong economic growth and high population density in key urban areas. The competitive landscape is diverse, encompassing both large publicly traded Real Estate Investment Trusts (REITs) like AvalonBay and Equity Residential and numerous regional and specialized companies. The emergence of tech-enabled asset-light models is fostering innovation and disrupting traditional management practices. Future growth will hinge on adapting to evolving tenant preferences, optimizing operational efficiency through technology, and successfully navigating evolving regulatory environments across diverse geographical markets. Strategic partnerships, data-driven decision-making, and expansion into underserved markets present key opportunities for growth within this dynamic sector.

Comprehensive dataset of 43 Apartment rental agencies in Alaska, United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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.

Youth Apartment Market Outlook

The global youth apartment market size was estimated to be $65 billion in 2023 and is forecasted to reach approximately $108 billion by 2032, growing at a compound annual growth rate (CAGR) of around 5.8%. The primary growth factors driving this market include increasing urbanization, a rising trend of young professionals seeking independent living, and the expanding student population across the globe.

One of the main drivers propelling the youth apartment market is the significant shift in lifestyle preferences among young adults. Millennials and Generation Z are increasingly prioritizing flexibility and mobility, which makes renting an attractive option over purchasing property. This demographic values experiences over ownership, leading to a robust demand for rental housing. Additionally, the global rise in higher education enrollment means more students are moving to urban areas, further boosting the need for youth-specific housing solutions.

The surge in remote working opportunities is another pivotal growth factor for this market. As companies continue to adopt flexible working models, many young professionals are moving to cities that offer a better quality of life and cost of living advantages. This migration is fueling the demand for youth apartments, particularly in tech hubs and cultural capitals. Moreover, the preference for co-living spaces, which offer a sense of community and shared amenities, is becoming increasingly popular among young adults, driving the market further.

Technological advancements in property management and rental services are also playing a crucial role in market growth. The advent of mobile applications and online platforms has simplified the process of finding and renting apartments, making it easier for young adults to move between apartments and cities. These platforms often provide virtual tours and comprehensive reviews, helping tenants make informed decisions. The integration of smart home technologies in youth apartments is also becoming a selling point, appealing to the tech-savvy younger generation.

Regionally, the Asia Pacific market is poised for significant growth, driven by rapid urbanization and a burgeoning student population, particularly in countries like China and India. North America and Europe also present substantial opportunities due to their large student populations and the rising trend of young professionals seeking rental accommodations. In contrast, regions like Latin America and the Middle East & Africa show moderate growth potential, but increasing investments in infrastructure and education could change this trajectory in the coming years.

Type Analysis

Studio apartments constitute a significant segment within the youth apartment market. These units are particularly popular among young professionals and students who prioritize affordability and efficient use of space. Studio apartments typically consist of a single room that serves as the living, dining, and sleeping area, along with a separate bathroom. The cost-effectiveness and minimalistic lifestyle associated with studio apartments appeal to the younger demographic, who often prioritize location and accessibility over space. In urban settings where real estate prices are high, studio apartments offer a practical solution for independent living without the burden of high rent.

One-bedroom apartments are another crucial segment in this market, offering slightly more space and privacy compared to studio apartments. These units usually feature a separate bedroom, living area, kitchen, and bathroom. The additional space makes one-bedroom apartments an attractive option for young couples or single professionals who prefer a bit more room. The demand for one-bedroom apartments is particularly high in metropolitan areas where young professionals seek a balance between cost and comfort. This segment is also growing due to the increasing trend of remote work, as individuals seek dedicated spaces for both living and working.

Shared apartments or co-living spaces are gaining significant traction among the youth segment. These setups involve multiple tenants sharing a larger apartment or house, often with private bedrooms and communal living areas, kitchens, and bathrooms. Shared apartments offer a blend of affordability and community living, making them popular among students and young professionals new to a city. The social aspect of co-living, combined with the cost benefits of shared rent and utilities, drives this market segment. Operators of co-living spaces often include ad