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.

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.

Rent Inflation in the United States decreased to 3.80 percent in June from 3.90 percent in May of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.

Rents in the United States declined year-on-year for the first time in June 2023, after surging for two years in a row. In November 2021, rents soared by over ** percent annually — the highest increase on record, and in August 2022, the average rental price reached an all-time high of over ***** U.S. dollars. Rental growth has since mellowed, with January 2025 recording a decline of about *** percent from the same period one year ago. Despite the softening of the market, many states still experienced rising rents.

Mexico was one of the economies where house prices increased the most between 2016 and 2024, rising by nearly ** percent during that period. The growth rate of housing prices from 2015 to 2023 in Russia was even higher, but the 2024 data for that country was not yet available. Meanwhile, Poland and the U.S. were among the countries where rents increased the most from 2016 to 2024.

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.

Israel Rental Prices: Avg: Southern District: up to 2 rooms data was reported at 2,458.800 ILS in Dec 2024. This records an increase from the previous number of 2,443.700 ILS for Sep 2024. Israel Rental Prices: Avg: Southern District: up to 2 rooms data is updated quarterly, averaging 2,225.100 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 2,458.800 ILS in Dec 2024 and a record low of 1,935.100 ILS in Mar 2017. Israel Rental Prices: Avg: Southern District: up to 2 rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.

Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q2 2025 about vacancy, rent, rate, and USA.

Israel Rental Prices: Avg: Tel Aviv: up to 2 rooms data was reported at 5,333.300 ILS in Dec 2024. This records an increase from the previous number of 5,317.700 ILS for Sep 2024. Israel Rental Prices: Avg: Tel Aviv: up to 2 rooms data is updated quarterly, averaging 4,673.350 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 5,333.300 ILS in Dec 2024 and a record low of 4,122.134 ILS in Mar 2017. Israel Rental Prices: Avg: Tel Aviv: up to 2 rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.

Israel Rental Prices: Avg: Ashdod: up to 2 rooms data was reported at 2,942.900 ILS in Dec 2024. This records an increase from the previous number of 2,927.500 ILS for Sep 2024. Israel Rental Prices: Avg: Ashdod: up to 2 rooms data is updated quarterly, averaging 2,650.450 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 2,942.900 ILS in Dec 2024 and a record low of 2,194.889 ILS in Mar 2017. Israel Rental Prices: Avg: Ashdod: up to 2 rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.

Price to Rent Ratio in the United States increased to 134.20 in the fourth quarter of 2024 from 133.60 in the third quarter of 2024. This dataset includes a chart with historical data for the United States Price to Rent Ratio.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Boston-Cambridge-Newton, MA-NH (CBSA) (CUURA103SEHA) from Dec 1914 to May 2025 about Boston, ME, NH, CT, primary, MA, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

This dataset provides values for RENT INFLATION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Rent Inflation in Canada increased to 4.70 percent in June from 4.50 percent in May of 2025. This dataset includes a chart with historical data for Canada Rent Inflation.

Israel Rental Prices: Avg: Bat Yam: up to 2 rooms data was reported at 3,400.900 ILS in Dec 2024. This records an increase from the previous number of 3,365.200 ILS for Sep 2024. Israel Rental Prices: Avg: Bat Yam: up to 2 rooms data is updated quarterly, averaging 3,003.850 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 3,400.900 ILS in Dec 2024 and a record low of 2,694.400 ILS in Jun 2017. Israel Rental Prices: Avg: Bat Yam: up to 2 rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.

AI-Powered Rental Price Index Market Outlook

According to our latest research, the global AI-Powered Rental Price Index market size reached USD 1.84 billion in 2024, with a robust compound annual growth rate (CAGR) of 17.2% projected through the forecast period. By 2033, the market is anticipated to achieve a value of USD 8.19 billion, driven by increasing demand for data-driven pricing strategies, rapid digital transformation in real estate, and the growing adoption of artificial intelligence across property valuation and management. As per our comprehensive analysis, the market is witnessing exponential growth due to the need for accurate, real-time rental price insights, supporting both property owners and tenants in making informed decisions.

One of the primary growth factors fueling the AI-Powered Rental Price Index market is the escalating need for transparency and precision in rental pricing, especially in highly dynamic urban real estate environments. Traditional pricing methodologies often fall short in accounting for rapidly shifting market variables, such as sudden changes in demand, local economic trends, or emerging neighborhood developments. AI-powered solutions leverage advanced algorithms and machine learning models to process vast datasets, including historical rental prices, property attributes, neighborhood analytics, and even social sentiment. This enables real estate stakeholders to arrive at more accurate and competitive rental prices, minimizing vacancies and maximizing returns. Further, the integration of AI with Internet of Things (IoT) and smart city initiatives is enhancing the granularity and timeliness of rental data, solidifying the value proposition of AI-powered rental indices.

Another significant growth driver is the increasing adoption of digital platforms by real estate agencies, property managers, and institutional investors. The transformation from manual, spreadsheet-based assessments to automated, AI-driven platforms is streamlining operations, reducing human error, and enabling scalable portfolio management. Financial institutions are also leveraging AI-powered rental indices for risk assessment, loan underwriting, and investment analysis, further expanding the addressable market. Additionally, the proliferation of proptech startups and increased venture capital investments in real estate technology are accelerating the innovation cycle, resulting in more sophisticated and customizable AI-powered pricing solutions. The rising consumer expectation for transparency and fairness in rental pricing, particularly among younger, tech-savvy renters, is further catalyzing market growth.

Furthermore, regulatory developments and government initiatives aimed at improving housing affordability and market efficiency are positively impacting the AI-Powered Rental Price Index market. In many regions, public sector agencies are collaborating with technology providers to develop standardized rental indices, which support policy-making, rent control measures, and urban planning. These collaborations are fostering an environment where AI-powered analytics are not only a competitive advantage for private enterprises but also a tool for public good. However, market expansion is somewhat tempered by challenges related to data privacy, algorithmic transparency, and the need for standardized data formats across jurisdictions. Addressing these issues will be crucial for sustained growth and broader adoption in the coming years.

Regionally, North America continues to dominate the AI-Powered Rental Price Index market, accounting for the largest share in 2024, owing to its mature real estate sector, high digital adoption, and strong presence of leading proptech firms. Europe is experiencing rapid growth, particularly in countries with high urbanization rates and regulatory support for digital transformation in real estate. Asia Pacific is emerging as a high-growth region, driven by urban expansion, smart city projects, and a burgeoning middle class seeking reliable rental information. While Latin America and Middle East & Africa are currently smaller markets, they present significant long-term potential as digital infrastructure and real estate investment accelerate. Overall, regional dynamics are shaped by varying levels of technological maturity, regulatory frameworks, and the pace of urbanization.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average (CUUR0000SAS2RS) from Dec 1982 to Jun 2025 about shelter, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Vacation Rental Market Outlook

The global vacation rental market size was valued at USD 87.09 billion in 2023, and it is projected to reach USD 144.02 billion by 2032, growing at a CAGR of 5.8% during the forecast period. The market is experiencing significant growth due to increasing awareness and preference for personalized, flexible, and affordable accommodation options among travelers. This surge in preference for alternative lodging options over traditional hotels is being driven by the rise of online platforms facilitating easy and transparent booking processes.

One of the primary growth factors for the vacation rental market is the increasing penetration of the internet and the widespread adoption of smartphones. The digital revolution has greatly influenced the way travelers plan their trips, offering them the convenience of comparing various accommodation options and prices at their fingertips. Additionally, the growth of social media and online reviews has enhanced trust and reliability, making it easier for travelers to book vacation rentals with confidence.

Another significant growth driver is the rising trend of experiential travel, wherein travelers seek unique and personalized experiences that reflect local culture and lifestyle. Vacation rentals often provide a home-like environment and the opportunity to live like a local, which is highly appealing to modern travelers, especially millennials and Gen Z. This shift in consumer preferences is encouraging property owners and managers to invest in the vacation rental market, thereby expanding the supply of diverse accommodation options.

Economic factors such as competitive pricing and cost-effectiveness compared to traditional hotel stays are also contributing to the market's growth. Vacation rentals often offer more space, privacy, and amenities at a lower cost per person, making them an attractive option for group travel and families. Moreover, the additional income potential for property owners and the relatively low barriers to entry are motivating more individuals to list their properties on vacation rental platforms, further driving market expansion.

The regional outlook highlights that North America and Europe dominate the vacation rental market due to the high adoption of digital booking platforms and a well-established tourism infrastructure. However, emerging markets in the Asia Pacific and Latin America are witnessing rapid growth driven by increasing disposable incomes, a growing middle class, and expanding tourism sectors. The Middle East & Africa region is also expected to see steady growth, particularly with the rising number of international events and investments in tourism infrastructure.

Accommodation Type Analysis

Apartments hold a significant share in the vacation rental market, primarily due to their widespread availability and cost-effectiveness. Apartments cater to a broad audience, including solo travelers, couples, and small families, offering a comfortable and flexible living space. Urban centers, which attract a large number of tourists, particularly benefit from the availability of apartment rentals, providing visitors with the option to stay in the heart of the city at competitive prices. The rise of business travel is also contributing to the demand for apartments, as they often provide the necessary amenities for a comfortable and productive stay.

Houses are another critical segment within the vacation rental market. They are especially popular among larger groups and families who require more space and privacy than what apartments typically offer. Houses often come with additional features such as gardens, pools, and multiple bedrooms, making them ideal for extended stays and family vacations. This segment is seeing increased demand in suburban and rural areas, where travelers seek a peaceful retreat away from the hustle and bustle of city life.

Villas represent the luxury segment of the vacation rental market, providing high-end accommodations with premium amenities and services. Villas are particularly popular in tourist destinations known for their scenic beauty and luxury tourism, such as coastal areas and exotic islands. The demand for villas is driven by affluent travelers seeking exclusive and indulgent experiences. This segment continues to grow as more property owners and developers invest in building and maintaining high-quality vill

Graph and download economic data for Producer Price Index by Industry: Passenger Car Rental: Replacement Passenger Car Rental (PCU5321115321113) from Dec 1991 to Jun 2025 about passenger, rent, vehicles, PPI, industry, inflation, price index, indexes, price, and USA.