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 more slowly 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 stubbornly high in 2025, encouraging consumers to rent. Revenue has climbed at a CAGR of 2.6% over the past five years and is expected to reach $295.3 billion by the end of 2025. This includes an anticipated 1.4% 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 will be shaped by varying factors. The apartment supply in the US, which hit a record in 2024, is expected to taper off, which will push rental prices and occupancy rates up to the lessors' benefit. Other factors, such as interest rate cuts, decreasing financial barriers to homeownership and a high rate of urbanization, will also significantly impact the industry. With an estimated 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 1.7% over the next five years, reaching an estimated $321.9 billion in 2030.

The Rental Market Trends Dataset contains records of rental properties, providing a comprehensive overview of various factors influencing rental prices and occupancy rates in urban areas. This dataset is ideal for data analysis, machine learning, and predictive modeling related to real estate and rental markets.

Quarterly summary of median private rent in South Australia by: suburb, postcode, State Government regions and Local Government Areas. The information relates to bonds lodged with Consumer and Business Services for private rental properties in South Australia.

Vacation Rental Market is Segmented by by Property Type (Homes, Apartments, Resort / Condominium, and More), Booking Mode (Online Platforms, Direct-To-Owner Websites, and More), by Rental Duration (Short-Term (<7 Nights), and More), Traveller Type, Families, Couples, and More), Price Tier (Budget, Mid-Scale, and Luxury / Premium), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Rental Report time series dataset provides detailed time-series statistics for some key Rental Report data from the June quarter of 1999 to the December quarter of 2017. This specific dataset presents the median rental costs of 2 bedroom flats by the 2016 Local Government Areas geographic level. The rent figures included in the Rental Report are weekly median rents. Median rents represent the midpoint in the distribution of all rents. Fifty per cent of rents are higher than the median and fifty per cent are below the median. The Rental Report provides the most accurate information on the private rental market in Victoria. The data come from records kept by the Residential Tenancies Bond Authority (RTBA). The RTBA is responsible for receiving, registering and refunding all bonds associated with private residential leases in Victoria. For more information please visit the Department of Health and Human Services.

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.

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Vacation Rental Market Size 2025-2029

The vacation rental market size is valued to increase USD 22 billion, at a CAGR of 4.1% from 2024 to 2029. Growing tourism industry and increasing popularity of short-term vacation rental properties will drive the vacation rental market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 32% growth during the forecast period.
By Management - Managed by owners segment was valued at USD 48.50 billion in 2023
By Method - Offline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 68.07 billion
Market Future Opportunities: USD 22.00 billion
CAGR : 4.1%
Europe: Largest market in 2023

Market Summary

The market encompasses the provision of short-term stays in residential properties, including houses, apartments, and homestays. This market is experiencing significant growth due to the expanding tourism industry and the increasing popularity of flexible accommodation options. According to recent data, the vacation rental sector is projected to account for over 20% of the global accommodations market share by 2025. Core technologies, such as instant booking features and digital payment systems, are revolutionizing the vacation rental industry, making it more accessible and convenient for travelers.
However, challenges persist, including the risks associated with fraudulent listings and the need for robust regulatory frameworks to ensure consumer protection. As the market continues to evolve, it presents numerous opportunities for innovation, particularly in the areas of personalized services and sustainable tourism practices.

What will be the Size of the Vacation Rental Market during the forecast period?

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How is the Vacation Rental Market Segmented and what are the key trends of market segmentation?

The vacation rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Management

  Managed by owners
  Professionally managed


Method

  Offline
  Online


Type

  Home
  Apartments
  Resort/Condominium
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Management Insights

The managed by owners segment is estimated to witness significant growth during the forecast period.

The markets witness significant trends shaping their operations and growth. Automated check-in and check-out systems streamline the guest experience, reducing manual labor and increasing efficiency. Social media marketing plays a crucial role in attracting and engaging potential renters, with 55% of travelers using social media to plan their trips. Legal compliance requirements are essential for vacation rental businesses, with occupancy rate optimization and access control systems ensuring adherence to regulations. Property valuation methods and smart home technology enhance the value proposition for renters, while energy management systems contribute to cost savings and sustainability. Keyless entry systems and guest review management tools facilitate seamless communication and improve the guest experience.

Customer service automation, cleaning service scheduling, revenue management strategies, and property management software enable owners to optimize their operations and maximize revenue. Rental agreement templates, digital marketing strategies, online booking systems, maintenance request systems, booking calendar software, dynamic pricing models, and channel management platforms are essential tools for vacation rental businesses. Guest experience platforms, yield management techniques, rental income projections, search engine optimization, payment gateway integration, tax calculation software, guest data analytics, customer relationship management, fraud prevention measures, accounting software integration, housekeeping management systems, guest communication tools, pricing optimization algorithms, insurance policy management, security system integration, and performance tracking metrics are all integral components of the evolving the market.

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The Managed by owners segment was valued at USD 48.50 billion in 2019 and showed a gradual increase during the forecast period.

Industry growth is expected to be robust, with 32% of travelers expressing interest in vacation rentals as an alternative to hotels. Additionally, the adoption of technology in vacation rental businesses is projected to increase by 37% in the next five years (Source: Market Research). These trends underscore the import

Quarterly rental report for Victoria in 2021 (aggregated quarterly by Suburb). Shows number of bonds and median rents.

Discover the booming rental housing market! Explore key trends, drivers, and challenges impacting this multi-trillion dollar industry. Learn about top players like Airbnb and Zillow, regional market share, and future growth projections to 2033. Get insights to inform your investment or business strategy.

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.

This section of the Rental Report provides moving quarterly median rents for\r suburbs and towns across Victoria by major property type. Note that the\r medians are moving quarterly medians, not annual medians, and that the\r quarterly percentage change is calculated from these moving quarterly medians.\r \r The Rental Report provides key statistics on the private rental market in\r Victoria. The major source for the statistics presented in the Rental Report\r is the Residential Tenancies Bond Authority which collects data on all rental\r bonds lodged under the Residential Tenancies Act 1997.\r \r

Median monthly rental prices for the private rental market in England by bedroom category, region and administrative area, calculated using data from the Valuation Office Agency and Office for National Statistics.

The DIY and hardware category was estimated to be the consumer goods category which generated the highest revenue from rentals in 2022 by a considerable margin. According to Statista estimates, the revenue from DIY and hardware rentals was forecast to more than ****** from 2022 to 2026.

The size of the Online Clothing Rental Market market was valued at USD 1.77 Million in 2023 and is projected to reach USD 2.80 Million by 2032, with an expected CAGR of 6.79% during the forecast period. Recent developments include: July 2022: Rent the Runway joined forces with Saks Off 5th, integrating a dedicated "pre-owned" section on its website, enabling customers to access pre-owned designer items., April 2022: David Jones extended its collaboration with the fashion rental platform GlamCorner through the introduction of Reloop. This innovative venture by GlamCorner empowers customers to engage in the circular economy while making conscious shopping choices., May 2022: Nuuly unveiled its newest ready-to-rent collection, building on its previous collaborations with designers such as Anna Sui. Additionally, following the launch of its resale platform the year before, Nuuly continues to expand its offerings.. Key drivers for this market are: Sustainable Fashion Trend, Strategic Expansion With Respect To E-commerce Subscription. Potential restraints include: High Cost of Rented Apparel Maintenance. Notable trends are: Adoption of Subscription-based Services.

The median monthly rent for all apartment types in the U.S. has stabilized since 2022, despite some seasonal fluctuations. In August 2025, the monthly rent for a two-bedroom apartment amounted 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. This 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 2025, 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 August 2025. In West Virginia, the annual rental growth was the highest, at ***** percent.

The global House Rental Platforms market is poised for significant expansion, projected to reach an estimated value of $34,500 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 12.5% expected to propel it to $87,000 million by 2033. This impressive growth is primarily fueled by the increasing demand for flexible and convenient housing solutions, particularly among younger generations like millennials and Gen Z. The platform's ability to streamline the rental process, from property discovery and virtual tours to lease agreements and payment management, addresses key pain points for both renters and landlords. The burgeoning short-term rental market, driven by tourism and the rise of the gig economy, alongside the steady demand for long-term apartment and house rentals, are significant contributors to this upward trajectory. Technology advancements, including AI-powered search filters, virtual reality property viewings, and secure online payment systems, are further enhancing user experience and driving platform adoption. Key drivers for this market's ascent include urbanization, a growing preference for renting over homeownership, and the increasing adoption of digital tools for real estate transactions. While the market presents immense opportunities, certain restraints such as stringent regulatory frameworks in some regions, potential cybersecurity risks, and the intense competition among established and emerging players could pose challenges. However, the continuous innovation in platform features, the expansion into emerging markets, and strategic partnerships are expected to mitigate these concerns. The market encompasses a diverse range of property types, with apartments and houses dominating the landscape, catering to both long-term lease and short-term rental applications. Leading companies like HousingAnywhere, Rentberry, Spotahome, and Airbnb are at the forefront of shaping this dynamic industry, continuously introducing features to meet evolving consumer needs and solidify their market positions. This report provides a comprehensive analysis of the global house rental platform market, offering insights into its structure, dynamics, and future trajectory. We delve into the competitive landscape, product offerings, regional trends, and the key drivers and challenges shaping this rapidly evolving industry. The report leverages estimated user and transaction data in the millions to paint a clear picture of market scale and player influence.

The Rental Report time series dataset provides detailed time-series statistics for some key Rental Report data from the June quarter of 1999 to the December quarter of 2017. This specific dataset presents the median rental costs of 4 bedroom houses by the 2016 Local Government Areas geographic level. The rent figures included in the Rental Report are weekly median rents. Median rents represent the midpoint in the distribution of all rents. Fifty per cent of rents are higher than the median and fifty per cent are below the median. The Rental Report provides the most accurate information on the private rental market in Victoria. The data come from records kept by the Residential Tenancies Bond Authority (RTBA). The RTBA is responsible for receiving, registering and refunding all bonds associated with private residential leases in Victoria. For more information please visit the Department of Health and Human Services.

The global vacation rental market size was USD 88.2 billion in 2024 & is projected to grow from USD 92.61 billion in 2025 to USD 136.83 billion by 2033.
Report Scope:

The global Housing Rental Service market is poised for significant expansion, projected to reach approximately USD 1,500 million by 2025, with an anticipated Compound Annual Growth Rate (CAGR) of 12% through 2033. This robust growth is fueled by a confluence of evolving lifestyle preferences and economic realities. Increasing urbanization continues to drive demand for rental accommodations, particularly in major metropolitan areas. Furthermore, the growing popularity of short-term rentals, facilitated by digital platforms, caters to the burgeoning tourism and business travel sectors. Concurrently, long-term leases remain a cornerstone of the market, offering stability for both renters and property owners. Key drivers include the increasing cost of homeownership, particularly for younger demographics, and a greater emphasis on flexibility and mobility in career choices. The market is also benefiting from technological advancements that streamline the rental process, from property discovery and application to lease management and payment. The competitive landscape of the Housing Rental Service market is characterized by a dynamic mix of established property management firms and innovative digital platforms. Companies like Invitation Homes, Vacasa, and HousingAnywhere are at the forefront, leveraging technology to enhance user experience and operational efficiency. The market is segmented by application into Personal and Commercial, with Personal rentals constituting the larger share due to widespread individual housing needs. Within types, both Short-term Rental and Long-term Lease segments are experiencing healthy growth. Geographically, North America is expected to maintain a dominant market share, driven by strong economies and established rental markets in the United States and Canada. However, Asia Pacific presents a substantial growth opportunity, with rapidly expanding economies and increasing urbanization in countries like China and India. Emerging trends such as co-living spaces and the integration of smart home technologies into rental properties are further shaping the market's trajectory. This report delves into the dynamic and rapidly evolving global housing rental service market. Analyzing data from the historical period of 2019-2024, with a base year of 2025 and a forecast period extending to 2033, this study provides invaluable insights for stakeholders seeking to navigate this complex landscape. The report estimates the market size in millions of units, offering a clear quantitative perspective on growth and demand.

Explore the dynamic Real Estate Rental market forecast (2025-2033) with key insights, drivers, and trends. Discover market size, CAGR, and regional growth opportunities for residential and non-residential rentals.