The real estate volume in the 'Residential Real Estate Leases' segment of the real estate market in the United States was forecast to continuously increase between 2024 and 2029 by in total 0.9 million (+1.91 percent). After the ninth consecutive increasing year, the real estate volume is estimated to reach 47.97 million and therefore a new peak in 2029. The Statista Market Insights cover a broad range of additional markets.

Displacement risk indicator classifying census tracts according to apartment rent prices in census tracts. We classify apartment rent along two dimensions:The median rents within the census tract for the specified year, balancing between nominal rental price and rental price per square foot.The change in median rent price (again balanced between nominal rent price and price per square foot) from the previous year.Note: Median rent calculations include market-rate and mixed-income multifamily apartment properties with 5 or more rental units in Seattle, excluding special types like student, senior, corporate or military housing.Source: Data from CoStar Group, www.costar.com, prepared by City of Seattle, Office of Planning and Community Development

The global rental housing market is experiencing robust growth, driven by several key factors. Urbanization and population growth are fueling increased demand for rental properties, particularly in densely populated areas. Changing lifestyles, with more people opting for flexible living arrangements and avoiding the commitment of homeownership, are further bolstering the market. Technological advancements, including online platforms like Zillow, Airbnb, and Ziru, are streamlining the rental process, improving efficiency, and enhancing transparency for both landlords and tenants. Furthermore, the rise of co-living spaces and flexible lease options caters to evolving renter preferences. While economic fluctuations and interest rate hikes can present challenges, the underlying demand remains strong, indicating sustained growth for the foreseeable future. We estimate the market size in 2025 to be $2 trillion based on publicly available data for comparable real estate sectors and considering the global spread of rental housing. This robust growth trajectory is projected to continue, with a Compound Annual Growth Rate (CAGR) of approximately 5% through 2033. However, challenges exist within the rental housing market. Regulatory changes related to rent control and tenant protection can impact profitability for landlords. Maintaining property quality and addressing concerns regarding affordability, especially in rapidly growing urban centers, pose ongoing difficulties. Competition among rental platforms and property management companies is fierce, necessitating ongoing innovation and adaptation to retain market share. Despite these headwinds, the long-term outlook remains positive. The increasing preference for rental accommodation, combined with ongoing technological advancements, suggests a sustained and expansive market with significant opportunities for both established players and new entrants. The market segmentation reflects varying needs, from luxury apartments to budget-friendly options, providing ample opportunities across different income levels and lifestyle preferences.

Global Real Estate Rental market size is expected to reach $3862.88 billion by 2029 at 7.4%, segmented as by type, residential buildings and dwellings rental services, non-residential buildings rental services

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 ***** billion U.S. dollars, down from ***** billion U.S. dollars in 2021. In 2023, the market is forecast to further contract by one percent, reaching ***** billion U.S. dollars.

The UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly **** percent by 2029. This surge is expected to be front-loaded, with a robust *****percent rise anticipated in 2025. 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.

The India Rental Housing Market size is USD 20.29 billion, driven by affordability challenges, urban migration trends, and evolving tenant preferences through 2028.

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.

Explore the growth potential of Market Research Intellect's Rental Housing Market Report, valued at USD 1.2 trillion in 2024, with a forecasted market size of USD 1.9 trillion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.

VITAL SIGNS INDICATOR List Rents (EC9)

FULL MEASURE NAME List Rents

LAST UPDATED October 2016

DESCRIPTION List rent refers to the advertised rents for available rental housing and serves as a measure of housing costs for new households moving into a neighborhood, city, county or region.

DATA SOURCE real Answers (1994 – 2015) no link

Zillow Metro Median Listing Price All Homes (2010-2016) http://www.zillow.com/research/data/

CONTACT INFORMATION vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator) List rents data reflects median rent prices advertised for available apartments rather than median rent payments; more information is available in the indicator definition above. Regional and local geographies rely on data collected by real Answers, a research organization and database publisher specializing in the multifamily housing market. real Answers focuses on collecting longitudinal data for individual rental properties through quarterly surveys. For the Bay Area, their database is comprised of properties with 40 to 3,000+ housing units. Median list prices most likely have an upward bias due to the exclusion of smaller properties. The bias may be most extreme in geographies where large rental properties represent a small portion of the overall rental market. A map of the individual properties surveyed is included in the Local Focus section.

Individual properties surveyed provided lower- and upper-bound ranges for the various types of housing available (studio, 1 bedroom, 2 bedroom, etc.). Median lower- and upper-bound prices are determined across all housing types for the regional and county geographies. The median list price represented in Vital Signs is the average of the median lower- and upper-bound prices for the region and counties. Median upper-bound prices are determined across all housing types for the city geographies. The median list price represented in Vital Signs is the median upper-bound price for cities. For simplicity, only the mean list rent is displayed for the individual properties. The metro areas geography rely upon Zillow data, which is the median price for rentals listed through www.zillow.com during the month. Like the real Answers data, Zillow's median list prices most likely have an upward bias since small properties are underrepresented in Zillow's listings. The metro area data for the Bay Area cannot be compared to the regional Bay Area data. Due to afore mentioned data limitations, this data is suitable for analyzing the change in list rents over time but not necessarily comparisons of absolute list rents. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Due to the limited number of rental properties surveyed, city-level data is unavailable for Atherton, Belvedere, Brisbane, Calistoga, Clayton, Cloverdale, Cotati, Fairfax, Half Moon Bay, Healdsburg, Hillsborough, Los Altos Hills, Monte Sereno, Moranga, Oakley, Orinda, Portola Valley, Rio Vista, Ross, San Anselmo, San Carlos, Saratoga, Sebastopol, Windsor, Woodside, and Yountville.

Inflation-adjusted data are presented to illustrate how rents have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself. Percent change in inflation-adjusted median is calculated with respect to the median price from the fourth quarter or December of the base year.

The global housing rental service platform market is experiencing robust growth, driven by several key factors. The increasing urbanization and migration patterns worldwide are leading to a surge in demand for rental properties. Technological advancements, such as user-friendly mobile applications and improved online property listings, have significantly streamlined the rental process, making it more convenient and efficient for both landlords and tenants. Furthermore, the rise of the sharing economy and the increasing preference for flexible living arrangements are contributing to the market's expansion. This trend is further amplified by the growing adoption of smart home technologies, which enhance property management and tenant experience. We estimate the market size in 2025 to be approximately $15 billion, based on reasonable projections considering the rapid growth in similar online services and the expanding rental market globally. A Compound Annual Growth Rate (CAGR) of 15% is projected through 2033, indicating a substantial increase in market value over the forecast period. However, the market faces certain restraints. Competition among established players and new entrants is fierce, necessitating continuous innovation and strategic adaptation. Data security and privacy concerns regarding tenant and landlord information represent a significant challenge, requiring robust security measures. Regulatory changes and varying local laws across different regions add complexity to operations, potentially impacting profitability and expansion plans. Nevertheless, the market's overall growth trajectory remains positive, fueled by technological progress, changing lifestyle preferences, and the enduring need for efficient and transparent rental solutions. Key segments within the market, such as those focused on luxury rentals, short-term stays, or specialized niche markets (e.g., student housing) present lucrative opportunities for focused growth. Companies like Zillow, Trulia, and Apartment List, among many others, are actively shaping the market landscape with their diverse offerings and innovative features.

The global housing rental service platform market is experiencing robust growth, driven by increasing urbanization, the rising popularity of short-term rentals, and the expanding adoption of technology in property management. The market size in 2025 is estimated at $50 billion, demonstrating significant expansion from its historical period. This growth is projected to continue at a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching an estimated market value of $150 billion by 2033. Key drivers include the convenience and efficiency offered by online platforms, enabling property owners to manage their listings and tenants to search and book properties easily. Furthermore, the integration of advanced features such as virtual tours, online payment processing, and sophisticated search filters enhances user experience and drives market expansion. Emerging trends, such as the integration of AI for property pricing and tenant screening, along with the rise of subscription-based rental models, are further fueling market growth. However, regulatory challenges related to data privacy and fair housing practices, as well as competition from traditional real estate agencies, pose some restraints on market growth. The competitive landscape is highly dynamic, with a mix of established players like Zillow, Trulia, and RealPage, and innovative startups such as Rentberry and Spotahome vying for market share. Geographic expansion into emerging markets, particularly in Asia and Latin America, presents significant opportunities for growth. Companies are increasingly focusing on enhancing their platforms’ functionalities by integrating advanced technologies like AI and machine learning to improve tenant screening, property valuation, and risk management. Differentiation strategies, such as offering specialized services catering to specific demographics or property types, are also becoming increasingly crucial for success in this competitive market. The overall outlook remains positive, with substantial growth potential driven by technological advancements and evolving consumer preferences.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

The house price to rent ratio index in the U.S. declined in the second half of 2022 and remained stable until the end of 2024, indicating that house price growth slowed down compared to rental growth. At its peak, in the second quarter of 2022, the index stood at *****. House prices increased dramatically since the coronavirus pandemic. Meanwhile, rents have grown notably, but at a slower rate. What does the house price to rent ratio index measure? The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. Compared to the OECD countries average, the gap between house prices and rents in the United States was wider. The house price to rent ratio in different countries The house price to rent ratio in the United Kingdom continued to increase in the second half of 2022, but growth softened, as the housing market cooled. On the other hand, the index in Germany fell drastically between the second quarter of 2022 and the second quarter of 2023. A similar trend was observed in France.

Fair Market Rents (FMRs) are used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program (Mod Rehab), rent ceilings for rental units in both the HOME Investment Partnerships program and the Emergency Solution Grants program, calculation of maximum award amounts for Continuum of Care recipients and the maximum amount of rent a recipient may pay for property leased with Continuum of Care funds, and calculation of flat rents in Public Housing units. The U.S. Department of Housing and Urban Development (HUD) annually estimates FMRs for Office of Management and Budget (OMB) defined metropolitan areas, some HUD defined subdivisions of OMB metropolitan areas and each nonmetropolitan county. 42 USC 1437f requires FMRs be posted at least 30 days before they are effective and that they are effective at the start of the federal fiscal year (generally October 1).

Global Rental Housing market size 2025 was XX Million. Rental Housing Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The construction of multifamily homes in the U.S. is expected to fall sharply in 2024 and 2025. This would come after a period of significant growth between 2019 and 2023, when it peaked at 144.68 billion U.S. dollars. New residential construction in the United States decreased in 2023.

Market Size statistics on the Apartment Rental industry in the US

House Rental Platforms Market Outlook

The global house rental platforms market size is expected to reach significant growth levels, with a CAGR of approximately 12.8% from 2024 to 2032. In 2023, the market size was valued at around USD 18.5 billion, and it is forecasted to reach roughly USD 52.6 billion by 2032. The key growth factors driving this market include the increasing urbanization, the growing number of expatriates, and the rising trend of remote working environments.

The growth of the house rental platforms market is primarily driven by the increasing urbanization across various regions. As more people migrate to urban areas for better job opportunities and improved living standards, the demand for housing, and consequently, house rental platforms, is on the rise. Urban areas are witnessing a surge in population, which is creating a higher demand for rental properties. Additionally, the fast-paced life in urban settings often requires convenient and quick solutions for housing, which house rental platforms effectively provide.

Another significant growth factor is the increasing number of expatriates and international students. Individuals who move to a different country for work or education often prefer renting houses over purchasing them due to the temporary nature of their stay. House rental platforms offer them an easy and efficient way to find suitable accommodations, compare prices, and make informed decisions. The ease of use, transparency, and reliability offered by these platforms make them an attractive option for expatriates and international students.

Furthermore, the rise of remote working environments has also contributed to the growth of the house rental platforms market. With more companies adopting remote work policies, employees have the flexibility to work from any location, leading to an increase in demand for rental properties in different regions. House rental platforms cater to this demand by providing a wide range of rental options, enabling remote workers to find accommodations that suit their preferences and needs.

In terms of regional outlook, North America and Europe are expected to hold significant market shares due to the high level of technological adoption and advanced infrastructure. The Asia Pacific region is projected to witness substantial growth during the forecast period, driven by rapid urbanization and economic development. Latin America and the Middle East & Africa are also anticipated to experience steady growth, supported by the increasing number of expatriates and the growing popularity of online rental platforms.

The concept of a Detached House is becoming increasingly significant in the house rental platforms market. Detached houses, which are standalone residential buildings, offer a unique appeal to renters seeking privacy and space. Unlike apartments or condos, detached houses provide an exclusive living environment without shared walls, making them highly desirable for families and individuals valuing solitude. This type of property is particularly popular in suburban and rural areas, where space is more abundant, allowing for larger plots and private gardens. The demand for detached houses is often driven by the desire for a more personalized and spacious living experience, which is not typically available in urban apartments. As urbanization continues, the allure of detached houses remains strong, offering a retreat from the bustling city life.

Platform Type Analysis

The house rental platforms market can be segmented based on platform type into online and mobile platforms. Online platforms dominate the market as they provide a user-friendly interface, allowing users to search for properties, compare prices, and read reviews from the comfort of their homes. Additionally, online platforms often offer additional features such as virtual tours, which enhance the user experience by providing a more comprehensive view of the property.

Mobile platforms are rapidly gaining traction, especially among younger demographics who prefer using smartphones for various activities, including house hunting. Mobile house rental platforms offer convenience and accessibility, allowing users to search for rental properties on-the-go. The increasing penetration of smartphones and the growing popularity of mobile applications are expected to drive the growth of mobile house rental platforms in the coming years.

Furthermore