The apartment rental market in the United States has been stagnating since 2019, after increasing year-on-year for several years. In 2022, the estimated market size of apartment rental was 253.4 billion U.S. dollars, down from 255.3 billion U.S. dollars in 2021. In 2023, the market is forecast to further contract by one percent, reaching 251.1 billion U.S. dollars.
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The size and share of the market is categorized based on Type (Hotel, Apartment, Civil Accommodation) and Application (Long-term Lease, Tourist Short-term Rental) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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The global centralized long-term rental apartment market is projected to reach a value of USD XX million by 2033, expanding at a CAGR of XX% over the forecast period (2025-2033). The growth of this market can be attributed to the rising urbanization, increasing disposable income, and changing lifestyle preferences, particularly among millennials and Gen Z. The market is expected to have a substantial impact on the real estate industry, as well as on the lives of renters and investors. Key market drivers include the increasing demand for flexible and affordable housing, the growing number of international students and migrant workers, and the advancements in technology. Additionally, government initiatives to support affordable housing and the rising popularity of co-living and shared living spaces are expected to further drive market growth. The market is segmented into two main types: asset-heavy model and asset-light model. The asset-heavy model involves owning and managing physical rental properties, while the asset-light model focuses on providing technology and services to connect renters with property owners. The market is also segmented into three main applications: migrant workers, international students, and other.
The UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly 18 percent by 2029. This surge is expected to be front-loaded, with a robust eight percent rise anticipated in 2024. Rental growth has accelerated notably since 2021, with August 2024 experiencing a decade-high annual percentage growth. The trend reflects the complex interplay between housing affordability, mortgage rates, and supply of rental homes, as the UK housing market navigates a period of transition.
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Mexico Ave Qtrly HH Income: Estimate of Housing Rent data was reported at 5,247.000 MXN in 2016. Mexico Ave Qtrly HH Income: Estimate of Housing Rent data is updated yearly, averaging 5,247.000 MXN from Dec 2016 (Median) to 2016, with 1 observations. Mexico Ave Qtrly HH Income: Estimate of Housing Rent data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H012: Average Quarterly Household Income.
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The rental housing market is projected to exhibit robust growth over the coming years, driven by factors such as increasing urbanization, rising disposable incomes, and changing lifestyle preferences. The market size was valued at XXX million in 2025 and is anticipated to expand at a CAGR of XX% from 2025 to 2033, reaching XXX million by 2033. Key market segments include long-term lease, tourist short-term rentals, hotels, apartments, and civil accommodation. North America, Europe, and Asia Pacific are expected to remain major regional markets, with China, India, and the United States emerging as significant growth contributors. The rental housing market is highly competitive, with numerous established players and emerging startups. Some of the prominent companies operating in the market include Ziru, Boyu, Airbnb, Lianjia, Douban, Guanyu, Apartment List, Trulia, Zillow, and Rent. To gain a competitive edge, companies are increasingly focusing on innovation, technology adoption, and customer service. Strategic partnerships, acquisitions, and mergers are also expected to shape the market landscape in the coming years.
Rents of mainstream rental properties in London are forecast to continue to increase between 2024 and 2028. Rental growth is expected to be the strongest in 2024, at 5.5 percent. On the other hand, house prices are expected to grow at a slower rate.
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According to a report published by Future Market Insights, the online home rental market is poised to expand to a valuation of US$ 18.24 billion in 2023 and is anticipated to exhibit a CAGR of 14% from 2023 to 2033 and reach US$ 77.09 billion in 2033.
Data Points | Key Statistics |
---|---|
Expected Market Value of Online Home Rental in 2023 | US$ 18.24 billion |
Anticipated Forecast Value of the Online Home Rental Market in 2033 | US$ 77.09 billion |
Projected Growth Rate of the Global Home Rental Market from 2023 to 2033 | CAGR of 14% |
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The size and share of the market is categorized based on Type (Asset-Heavy Model, Asset-Light Model) and Application (Migrant Workers, International Students, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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Graph and download economic data for Housing Inventory Estimate: Vacant Housing Units for Rent in the United States (ERENTUSQ176N) from Q2 2000 to Q4 2024 about vacancy, inventories, rent, housing, and USA.
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The global detached house rental market is projected to reach XXX million by 2033, growing at a CAGR of XX% from 2025 to 2033. The growth of the market is attributed to the increasing demand for rental housing, rising urbanization, and the growing number of millennials and Gen Z renters. In addition, the market is driven by the increasing demand for flexible living arrangements and the growing popularity of short-term rentals. Major players in the detached house rental market include Invitation Homes, American Homes 4 Rent, Tricon, Home Partners (Blackstone), Brookfield, Amherst Holdings LLC, ResiHome, Roomless, Renters Warehouse, and others. These players are expanding their portfolios through acquisitions and partnerships to meet the growing demand for detached house rentals. The market is also witnessing the emergence of new business models, such as co-living and build-to-rent, which are gaining popularity among renters.
Expert industry market research on the Apartment Rental in the US (2006-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.
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Korea (DC) Apartment Rental Index: By Region: Seoul data was reported at 175.800 Dec1997=100 in Apr 2003. This records a decrease from the previous number of 176.200 Dec1997=100 for Mar 2003. Korea (DC) Apartment Rental Index: By Region: Seoul data is updated monthly, averaging 122.850 Dec1997=100 from Mar 1998 (Median) to Apr 2003, with 62 observations. The data reached an all-time high of 179.600 Dec1997=100 in Oct 2002 and a record low of 72.570 Dec1997=100 in Jul 1998. Korea (DC) Apartment Rental Index: By Region: Seoul data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s Korea – Table KR.EB074: Apartment Price & Rental Index (Discontinued).
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The global mobile home rental market is anticipated to experience significant growth over the forecast period, driven by increasing urbanization and the affordability of mobile homes compared to traditional housing. The rising cost of living and the growing demand for flexible housing options are also contributing to the market's expansion. Long-term rentals are expected to dominate the market due to the stability and security they offer to tenants. Key trends shaping the mobile home rental market include the integration of smart home technologies, energy-efficient designs, and eco-friendly construction practices. The adoption of these technologies is enhancing the comfort, convenience, and sustainability of mobile homes, making them more attractive to renters. Additionally, the expansion of the e-commerce platform and the use of mobile apps for booking and management are streamlining the rental process and increasing accessibility. The market is expected to witness further growth in the coming years, supported by government initiatives, favorable demographics, and technological advancements.
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Explore the Real Estate Rental Market trends! Covers key players, growth rate 7.4% CAGR, market size $3877.45 Billion, and forecasts to 2034. Get insights now!
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Switzerland Real Estate Price Index: Central Swiss: Rental Apartment data was reported at 545.258 1970=100 in 2016. This records a decrease from the previous number of 555.744 1970=100 for 2015. Switzerland Real Estate Price Index: Central Swiss: Rental Apartment data is updated yearly, averaging 367.689 1970=100 from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 563.858 1970=100 in 2014 and a record low of 100.000 1970=100 in 1970. Switzerland Real Estate Price Index: Central Swiss: Rental Apartment data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.EB002: Real Estate Price Index: By Region: Residential: Annual. Rebased from 1970=100 to 2000=100 Replacement series ID: 388330597
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The housing rental service platform market is estimated to be worth XXX million in 2025, with a CAGR of XX% over the forecast period 2025-2033. The growth of this market is attributed to the increasing demand for rental housing, driven by factors such as urbanization, rising cost of homeownership, and changing demographics. The market is also benefiting from the adoption of technology, which is making it easier for renters and landlords to find and manage properties. Key drivers of the market include the increasing urbanization, which is leading to a greater demand for rental housing. The rising cost of homeownership is also making renting a more attractive option, particularly among millennials and other younger adults. Additionally, the changing demographics of the population, with more people living alone or in smaller households, is also contributing to the growth of the market. The market is further boosted by the adoption of technology, which is making it easier for renters and landlords to find and manage properties.
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The global vacation rental market size was over USD 94.77 billion in 2024 and is expected to grow at a CAGR of over 3.5%, surpassing USD 148.22 billion by 2037. Europe industry is likely to account for largest revenue share of 42% by 2037, driven by focus on sustainable tourism and increasing demand for cultural heritage experiences.
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The global housing rental platform market, currently valued at $41.94 billion (2025), is poised for significant growth. While the precise CAGR is unavailable, considering the rapid expansion of the short-term rental market fueled by platforms like Airbnb and the increasing preference for flexible living arrangements, a conservative estimate would place the annual growth rate between 10-15%. This growth is driven by several factors: the increasing popularity of vacation rentals, the rise of remote work fostering a demand for longer-term rentals in diverse locations, and technological advancements enhancing platform functionalities (e.g., streamlined booking processes, enhanced property management tools). Trends such as the integration of AI for personalized recommendations and the increasing adoption of mobile-first booking strategies further contribute to market expansion. However, the market faces challenges including regulatory hurdles related to licensing and taxation of short-term rentals, concerns about property security and guest safety, and competition from traditional real estate agencies. Market segmentation reveals substantial opportunities within both the type of platform (cloud-based solutions gaining traction for scalability and accessibility) and application (short-term rentals dominate the market share, although long-term lease platforms are seeing substantial growth driven by the remote work trend). Geographic distribution shows strong performance in North America and Europe, driven by established platforms and high adoption rates. However, significant untapped potential exists in Asia-Pacific and other emerging markets with increasing internet penetration and urbanization. The competitive landscape is dynamic, with established players like Airbnb and Booking.com facing competition from niche platforms catering to specific needs (e.g., long-term rentals, corporate housing). Future growth will depend on continued technological innovation, regulatory compliance, and effective strategies to address market challenges and tap into emerging markets.
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Switzerland Real Estate Price Index: Rental Apartment data was reported at 435.414 1970=100 in 2016. This records a decrease from the previous number of 440.972 1970=100 for 2015. Switzerland Real Estate Price Index: Rental Apartment data is updated yearly, averaging 304.058 1970=100 from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 453.108 1970=100 in 1992 and a record low of 100.000 1970=100 in 1970. Switzerland Real Estate Price Index: Rental Apartment data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.EB002: Real Estate Price Index: By Region: Residential: Annual. Rebased from 1970=100 to 2000=100 Replacement series ID: 388330567
The apartment rental market in the United States has been stagnating since 2019, after increasing year-on-year for several years. In 2022, the estimated market size of apartment rental was 253.4 billion U.S. dollars, down from 255.3 billion U.S. dollars in 2021. In 2023, the market is forecast to further contract by one percent, reaching 251.1 billion U.S. dollars.