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.
Size of apartment rental market in the United States from 2012 to 2022, with a forecast for 2023 (in billion U.S. dollars)
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Other statistics that may interest you Apartments in the United States
Overview
8
- Premium Statistic Key figures of the apartment rental market in the U.S. 2022
- Premium Statistic Most affordable cities to rent an apartment in the U.S. 2022, by apartment size
- Premium Statistic Average monthly apartment rent in the U.S. 2017-2023, by apartment size
- Premium Statistic Apartment rent in the United States in 2022-2023, by state
- Premium Statistic Asking rent for unfurnished apartments in the U.S. 1980-2023
- Premium Statistic Leading apartment owners in the U.S. 2024, by units owned
- Premium Statistic Size of apartment rental market U.S. 2012-2022, with a forecast for 2023
- Premium Statistic Size of property management market in the U.S. 2012-2022, with a forecast until 2023
Construction
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- Premium Statistic Rental stock in select metros in the U.S. 2022, by type of building
- Premium Statistic Leading apartment developers in the U.S. 2023
- Premium Statistic U.S. new apartment supply 2001-2022
- Premium Statistic New apartments completed in the U.S. 2022, by metro area
- Premium Statistic Median size of multifamily housing units in the U.S. 2000-2021
- Premium Statistic Average apartment size in the largest cities in the U.S. 2022
- Premium Statistic Amount of converted apartments in the U.S. 2010-2021
Industry data
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- Premium Statistic Apartment sales volume index in the U.S. 2016-2022
- Premium Statistic Apartment market tightness index U.S. 2016-2022
- Premium Statistic Apartment market debt and equity financing index U.S. 2016-2022
- Premium Statistic Apartment stock value per square foot in the U.S. 2010-2021
- Premium Statistic Market share of rental property review sites U.S. 2021
- Premium Statistic Average number of websites where a rental property is reviewed U.S. 2015-2021
- Premium Statistic Average number of online reviews per rental property U.S. 2015-2021
- Premium Statistic Average online review rating of rental properties U.S. 2021, by review site
Affordability
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- Premium Statistic U.S. cities with highest rents for one bedroom apartments in 2021
- Premium Statistic Year-on-year apartment rent change in the U.S. 2023, by state
- Premium Statistic U.S. two-bedroom housing fair market rent 2023, by state
- Basic Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2023, by state
- Premium Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2023, by county
- Premium Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2023, by metro area
Further Content: You might find this interesting as well
IBISWorld. (March 31, 2023). Size of apartment rental market in the United States from 2012 to 2022, with a forecast for 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/1356612/apartment-rental-market-size-usa/
IBISWorld. "Size of apartment rental market in the United States from 2012 to 2022, with a forecast for 2023 (in billion U.S. dollars)." Chart. March 31, 2023. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/1356612/apartment-rental-market-size-usa/
IBISWorld. (2023). Size of apartment rental market in the United States from 2012 to 2022, with a forecast for 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/1356612/apartment-rental-market-size-usa/
IBISWorld. "Size of Apartment Rental Market in The United States from 2012 to 2022, with a Forecast for 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Mar 2023, https://www.statista.com/statistics/1356612/apartment-rental-market-size-usa/
IBISWorld, Size of apartment rental market in the United States from 2012 to 2022, with a forecast for 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1356612/apartment-rental-market-size-usa/ (last visited May 04, 2024)
Size of apartment rental market in the United States from 2012 to 2022, with a forecast for 2023 (in billion U.S. dollars) [Graph], IBISWorld, March 31, 2023. [Online]. Available: https://www.statista.com/statistics/1356612/apartment-rental-market-size-usa/