Renting Statistics [2025 ]: Facts & Trends in Rental Market

Last Updated: March 12, 2025

Highlights. Renting statistics indicate that younger households rent longer and at greater rates as homeownership becomes a less attainable goal; the average asking rent among apartment listings nationwide is $1,594 monthly.

The current asking rent is 18.2% higher than the nationwide median gross rent of 2020.
The current asking rent is 16.2% lower than the average monthly mortgage payment.
35% of households live in rental properties.
Rental rates increased 49% over 10 years.
38% of renters spend more than 35% of their income on rent.

National Map: Median Gross Rent by State

Jump to a state: AL | AK | AZ | AR | CA | CO | CT | DE | FL | GA | HI | ID | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | OH | OK | OR | PA | RI | SC | SD | TN | TX | UT | VT | VA | WA | WV | WI | WY

National Average Asking Monthly Rent Prices^[1]
Date	Rent	%Change Year-over-Year (YoY)
December 2024	$1,594	-0.31%
September 2024	$1,625	0.00%
June 2024	$1,649	0.43%
March 2024	$1,619	-0.67%
December 2023	$1,599	-2.44%
September 2023	$1,625	-3.85%
June 2023	$1,642	-1.97%
March 2023	$1,630	2.52%
December 2022	$1,639	3.41%
September 2022	$1,690	8.40%
June 2022	$1,675	12.79%
March 2022	$1,590	15.22%
December 2021	$1,585	17.41%
September 2021	$1,559	15.06%
June 2021	$1,485	11.65%
March 2021	$1,380	4.55%

Renting Household Statistics

More than one-third of U.S. residents rent their homes. Most are under 45 years old and have attended college.

44.6 million or 35.0% of U.S. households rent their homes.
The average renting household has 2.34 residents.
The size of the average renting household declined 1.68% in 2023.
104.3 million people live in rental housing, a 0.90% decline year-over-year (YoY).
An estimated 726,000 or 3.75% of rental homes are rent-controlled.
155 working hours is the weekly requirement for minimum wage earners to afford the average apartment.
4.76% of renters have lived in their home for more than 20 years.
34.7% of renters are under the age of 35.
16.8% are aged 65 years and older.
87.4% of renters are high school graduates or equivalent.
55.7% of renters are White, including Caucasian, Hispanic or Latino.
50.1% of renters are Caucasian, 19.7% are Black or African American, and 20.3% are Hispanic or Latino.*
The number of renters increased between 2013 and 2023 by 10.0% compared to the number of homeowners, which increased by 10.4% in the same period.

*Totals will not add up to 100% due to overlapping ethnic and racial demographic parameters.

Pie Chart: Age Groups Among Renting Householders

Cost of Renting

While the majority of rent-controlled apartments are in single-unit rental properties, properties with 25 to 49 units are most likely to be rent-controlled.

The average apartment listing for San Jose, California advertises a monthly rent of $3,184.
The average asking rent in Cincinnati, Ohio increased 15.0% in one year.
The average renter spends 31.5% of their income on rent.
The median household income among renters is $51,393.
35.0% of renting households have an annual income below $35,000.
33.4% have an income of $75,000 or more.
In 2023, 21.5% of rent-paying households spent $2,000 or more per month on rent.
6.54% of rent-paying households paid less than $500 for rent.
4.82% of renters paid no cash rent, including Section 8 households.
The rate of renters paying no cash rent decreased 0.87% in 2023.

Most Expensive Metros for Renters in 2025^[1]
Metro Area	Median Asking Rent	YoY Change
San Jose, CA	$3,184	4.2%
New York, NY	$2,827	-5.0%
Los Angeles, CA	$2,780	0.0%
San Francisco, CA	$2,695	-0.1%
Boston, MA	$2,693	7.0%
San Diego, CA	$2,693	-3.3%
Miami, FL	$2,390	1.9%
Riverside, CA	$2,292	2.8%
Providence, RI	$2,148	13.4%
Seattle, WA	$2,055	1.8%

Renting Demographic Statistics

Nearly one out of every 4 millennials believes they will never be able to afford to buy a home.

55.7% of renters are white.
50.1% of renters are Caucasian/Non-Hispanic.
20.3% of renters identify as Hispanic or Latino.
19.7% of renters are Black or African American.
Native Hawaiian and Pacific Islander is the least common racial demographic among renters at 0.23%.
30.2% of renters have a bachelor’s degree or higher.
12.6% never graduated high school.
24.7% of millennial renters say they will always rent because they will never be able to afford to buy a home.
In 2018, 13.3% of millennial renters indicated they would never be able to afford to buy a home.
15% of millennial renters across the US have over $10,000 saved for a home down payment.

Bar Graph: Ethnic and Racial Demographics Among Renting Householders

Rental Property Statistics

More than half of rental properties were constructed between 1960 and 1999. The average apartment is a 2- to 3-bedroom unit in a multi-unit structure.

22.4% of occupied rental properties were constructed in the 21st Century.
46.4% of rental properties are suburban.
42.2% of rentals in the U.S. are urban.
11.4% are considered rural.
25.5% of renters live in detached single-family homes.
35.4% of renters live in buildings with fewer than 10 units.
35.0% of renters live in a building with over 10 units.
4.12% of renters live in mobile homes or other types of housing.
2.08% of occupied rental units have no heat.

Most Expensive U.S. Cities for Renters in 2025
City	Average Monthly Rent*
San Jose, CA	$3,170
New York, NY	$2,830
Los Angeles, CA	$2,780
San Diego, CA	$2,690
San Francisco, CA	$2,690
Anaheim, CA	$2,590
Miami, FL	$2,390
Riverside, CA	$2,290
Providence, RI	$2,150

Rental Employment Statistics

The residential building rental industry employs more people than automotive equipment rentals and consumer goods rentals combined.

370,900 American taxpayers receive income from leasing residential buildings.
The average residential lessor works 36.1 hours per week with no overtime.
The average residential lessor makes $31.21 hourly or $1,120.44 weekly.
Real estate rental and leasing directly and indirectly employs at least 1.890 million.
Women are 11.6% less likely to work as residential real estate lessors than they are at any other nonfarm-related job.
The average employee in the real estate rental industry made $59,219 annually in December 2024.
Nonresidential lessors made $65,453 per year and property managers make $61,623.

Rental Statistics by State

Renters are more than twice as likely to have a bachelor’s degree than they are to not have a high school diploma. One out of every 20 renters lives in the same apartment for more than 20 years.

The average median gross rent in the United States is $1,348.
The average U.S. state* has 865,112 renting households.
In the average state*, 32.6% of all households rent.
6.67% of renters in the average state* pay no rent.
34.7% of renters in the U.S. are under 35 years old.
16.8% of renters are aged 65 or older.
California has the highest number of rental units.
The District of Columbia has the highest household rentership rate followed by New York.
California has the highest median gross rent.
The lowest median gross rent is in West Virginia.
Alaska has the highest rate of renters who pay no rent.
Maine has the highest rate of renters aged 65 years or older.
Utah’s renters are the youngest.

*Excluding the District of Columbia and Puerto Rico

Rental Statistics by State
State	% of Population Renting†	Median Monthly Rent
Alabama	26.5%	$963
Alaska	29.3%	$1,431
Arizona	29.7%	$1,388
Arkansas	30.4%	$914
California	41.2%	$1,956
Colorado	29.1%	$1,693
Connecticut	28.5%	$1,431
Delaware	24.7%	$1,341
District of Columbia	50.7%	$1,900
Florida	30.0%	$1,564
Georgia	30.9%	$1,306
Hawaii	34.2%	$1,938
Idaho	23.8%	$1,150
Illinois	28.5%	$1,227
Indiana	25.2%	$1,020
Iowa	23.6%	$949
Kansas	28.1%	$1,029
Kentucky	28.2%	$933
Louisiana	30.0%	$1,038
Maine	21.4%	$1,084
Maryland	28.6%	$1,662
Massachusetts	31.3%	$1,687
Michigan	23.1%	$1,084
Minnesota	22.4%	$1,235
Mississippi	28.2%	$923
Missouri	27.3%	$996
Montana	26.2%	$1,031
Nebraska	27.7%	$1,035
Nevada	37.9%	$1,489
New Hampshire	22.2%	$1,423
New Jersey	32.2%	$1,653
New Mexico	27.3%	$1,021
New York	41.0%	$1,576
North Carolina	29.6%	$1,162
North Dakota	29.2%	$934
Ohio	28.6%	$988
Oklahoma	30.5%	$980
Oregon	32.5%	$1,450
Pennsylvania	25.9%	$1,162
Rhode Island	30.6%	$1,273
South Carolina	25.4%	$1,126
South Dakota	25.8%	$912
Tennessee	29.5%	$1,122
Texas	31.7%	$1,339
Utah	24.1%	$1,405
Vermont	22.0%	$1,193
Virginia	29.0%	$1,514
Washington	31.5%	$1,682
West Virginia	22.8%	$850
Wisconsin	26.9%	$1,045
Wyoming	24.0%	$968

†Note that this is the total renting population, not the rentership rate among households, which are listed in the individual state sections below.

Alabama Renting Statistics

Alabama’s median gross rent is among the nation’s lowest.

30.1% of households rent their homes.
The median gross rent is $963, up 4.11% YoY.
The rental vacancy rate is 7.5%.
2.3 people live in the average renting household.
3.83% of rent-paying households pay $2,000 or more per month to rent their home.
10.0% of renting households pay no cash rent.
35.6% of renters are under 35 years old.
15.8% are 65 or older.
14.4% of renters are not high school graduates.
21.0% of renters have a bachelor’s degree or higher.
4.62% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (49.9%), Caucasian (48.3%), and Black or African American (42.0%).

Alaska Renting Statistics

Alaska has the highest rate of American Indian and Alaska Native rentership in the nation; it’s 37% higher than in South Dakota.

33.4% of households rent their homes.
The median gross rent is $1,431, up 6.39% YoY.
The rental vacancy rate is 5.3%.
2.4 people live in the average renting household.
19.1% of rent-paying households pay $2,000 or more per month to rent their home.
48.0% of occupied units are not rent-paying.
41.7% of renters are under 35 years old.
12.2% are 65 or older.
6.76% of renters are not high school graduates.
23.5% of renters have a bachelor’s degree or higher.
2.53% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (59.9%), Caucasian (56.7%), and American Indian and Alaska Native (13.0%).

Arizona Renting Statistics

Renters are more likely to be young and less educated than in other states.

33.0% of households rent their homes.
The median gross rent is $1,388, up 6.12% YoY.
The rental vacancy rate is 7.3%.
2.4 people live in the average renting household.
19.0% of rent-paying households pay $2,000 or more per month in rent.
0.82% of occupied units are not rent-paying.
37.9% of renters are under 35 years old.
15.7% are 65 or older.
11.7% of renters are not high school graduates.
28.0% of renters have a bachelor’s degree or higher.
2.10% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (61.1%), Caucasian (51.2%), Hispanic or Latino (29.6%), and Two or More Races (15.1%).

Arkansas Renting Statistics

The average renter is less educated than renters in other states.

33.9% of households rent their homes.
The median gross rent is $914, up 5.30% YoY.
The rental vacancy rate is 6.5%.
2.3 people live in the average renting household.
2.76% of rent-paying households pay $2,000 or more per month in rent.
9.12% of occupied units are not rent-paying.
37.5% of renters are under 35 years old.
15.4% are 65 or older.
12.9% of renters are not high school graduates.
19.4% of renters have a bachelor’s degree or higher.
3.34% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (61.0%), Caucasian (58.6%), and Black or African American (24.8%).

California Renting Statistics

California has the nation’s highest median gross rent and the third-highest rentorship rate.

44.2% of households rent their homes.
The median gross rent is $1,956, up 5.39% YoY.
The rental vacancy rate is 4.1%.
2.7 people live in the average renting household.
48.0% of rent-paying households pay $2,000 or more per month in rent.
3.24% of occupied units are not rent-paying.
30.4% of renters are under 35 years old.
15.4% are 65 or older.
16.5% of renters are not high school graduates.
34.2% of renters have a bachelor’s degree or higher.
5.83% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (45.0%), Hispanic or Latino (37.5%), and Caucasian (36.0%).

Colorado Renting Statistics

Renters are more likely to be young and well-educated than in other states.

33.7% of households rent their homes.
The median gross rent is $1,693, up 6.21% YoY.
The rental vacancy rate is 5.1%.
2.2 people live in the average renting household.
31.7% of rent-paying households pay $2,000 or more per month in rent.
3.34% of occupied units are not rent-paying.
43.4% of renters are under 35 years old.
13.4% are 65 or older.
8.46% of renters are not high school graduates.
37.6% of renters have a bachelor’s degree or higher.
1.95% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (71.2%), Caucasian (63.1%), and Hispanic or Latino (22.5%).

Connecticut Renting Statistics

Renters are more likely to be older and move less.

33.8% of households rent their homes.
The median gross rent is $1,431, up 4.15% YoY.
The rental vacancy rate is 4.6%.
2.2 people live in the average renting household.
20.8% of rent-paying households pay $2,000 or more per month in rent.
3.83% of occupied units are not rent-paying.
29.5% of renters are under 35 years old.
20.8% are 65 or older.
14.0% of renters are not high school graduates.
31.4% of renters have a bachelor’s degree or higher.
5.24% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (55.8%), Caucasian (49.2%), Hispanic or Latino (25.7%), and Black or African American (17.7%).

Delaware Renting Statistics

Delaware’s median gross rent is on par with nationwide averages.

27.7% of households rent their homes.
The median gross rent is $1,341, up 4.28% YoY.
The rental vacancy rate is 4.8%.
2.3 people live in the average renting household.
11.0% of rent-paying households pay $2,000 or more per month in rent.
4.63% of occupied units are not rent-paying.
32.4% of renters are under 35 years old.
17.3% are 65 or older.
11.4% of renters are not high school graduates.
27.9% of renters have a bachelor’s degree or higher.
3.17% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (47.0%), Caucasian (43.5%), and Black or African American (35.4%).

District of Columbia Renting Statistics

Renters are more educated than in any state and most have a college degree. D.C. likely has such a high percentage of renters due to federal employees, politicians, interns, journalists and civil servants who either stay in the city for (inde)finite periods or expect relocate soon/suddenly.

58.9% of households rent their homes.
The median gross rent is $1,900, up 4.57% YoY.
The rental vacancy rate is 6.8%.
1.8 people live in the average renting household.
45.8% of rent-paying households pay $2,000 or more per month in rent.
1.99% of occupied units are not rent-paying.
44.1% of renters are under 35 years old.
13.4% are 65 or older.
8.82% of renters are not high school graduates.
57.7% of renters have a bachelor’s degree or higher.
6.08% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are Black or African American (45.5%), White, including Caucasian, Hispanic or Latino (38.8%), and Caucasian (36.3%).

Florida Renting Statistics

Rent is more expensive, and rental vacancy is higher than average.

32.7% of households rent their homes.
The median gross rent is $1,564, up 8.31% YoY.
The rental vacancy rate is 7.6%.
2.5 people live in the average renting household.
25.2% of rent-paying households pay $2,000 or more per month in rent.
4.10% of occupied units are not rent-paying.
30.9% of renters are under 35 years old.
17.2% are 65 or older.
11.9% of renters are not high school graduates.
29.4% of renters have a bachelor’s degree or higher.
2.20% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (52.2%), Caucasian (42.2%), Hispanic or Latino (31.2%), and Black or African American (21.3%).

Georgia Renting Statistics

Renters tend to be younger, and rental vacancy is higher than average.

34.6% of households rent their homes.
The median gross rent is $1,306, up 6.96% YoY.
The rental vacancy rate is 6.7%.
2.5 people live in the average renting household.
14.0% of rent-paying households pay $2,000 or more per month in rent.
5.12% of occupied units are not rent-paying.
36.5% of renters are under 35 years old.
13.9% are 65 or older.
12.7% of renters are not high school graduates.
28.0% of renters have a bachelor’s degree or higher.
3.13% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are Black or African American (45.2%), White, including Caucasian, Hispanic or Latino (40.1%), and Caucasian (37.7%).

Hawaii Renting Statistics

Hawaii is the second-most expensive state for renters. Renters tend to be older and more educated.

37.4% of households rent their homes.
The median gross rent is $1,938, up 3.75% YoY.
The rental vacancy rate is 7.8%.
2.7 people live in the average renting household.
47.4% of rent-paying households pay $2,000 or more per month in rent.
6.20% of occupied units are not rent-paying.
29.1% of renters are under 35 years old.
18.7% are 65 or older.
6.82% of renters are not high school graduates.
32.3% of renters have a bachelor’s degree or higher.
6.58% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (32.3%), Caucasian (30.0%), Asian (27.7%), and Two or More Races (21.4%).

Idaho Renting Statistics

Idaho’s renters tend to be younger and less likely to have a college degree.

27.6% of households rent their homes.
The median gross rent is $1,150, up 8.39% YoY.
The rental vacancy rate is 3.5%.
2.5 people live in the average renting household.
9.90% of rent-paying households pay $2,000 or more per month in rent.
6.39% of occupied units are not rent-paying.
41.7% of renters are under 35 years old.
15.7% are 65 or older.
10.6% of renters are not high school graduates.
23.1% of renters have a bachelor’s degree or higher.
2.58% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (81.4%), Caucasian (77.2%), and Hispanic or Latino (14.1%).

Illinois Renting Statistics

Illinois renters are more educated, and the median rent is slightly lower than the national average.

33.2% of households rent their homes.
The median gross rent is $1,227, up 4.07% YoY.
The rental vacancy rate is 5.2%.
2.2 people live in the average renting household.
16.1% of rent-paying households pay $2,000 or more per month in rent.
4.24% of occupied units are not rent-paying.
35.8% of renters are under 35 years old.
17.2% are 65 or older.
11.2% of renters are not high school graduates.
33.2% of renters have a bachelor’s degree or higher.
4.64% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (53.4%), Caucasian (49.1%), Black or African American (24.8%), and Hispanic or Latino (17.3%).

Indiana Renting Statistics

Renters are generally younger and less educated.

29.6% of households rent their homes.
The median gross rent is $1,020, up 5.48% YoY.
The rental vacancy rate is 5.8%.
2.2 people live in the average renting household.
4.42% of rent-paying households pay $2,000 or more per month in rent.
5.27% of occupied units are not rent-paying.
38.4% of renters are under 35 years old.
16.1% are 65 or older.
12.2% of renters are not high school graduates.
22.3% of renters have a bachelor’s degree or higher.
3.24% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (68.3%), Caucasian (66.0%), and Black or African American (19.1%).

Iowa Renting Statistics

Rent prices are among the lowest in the nation; households are less likely to rent.

28.5% of households rent their homes.
The median gross rent is $949, up 3.83% YoY.
The rental vacancy rate is 5.7%.
2.1 people live in the average renting household.
4.03% of rent-paying households pay $2,000 or more per month in rent.
5.83% of occupied units are not rent-paying.
41.2% of renters are under 35 years old.
18.4% are 65 or older.
8.95% of renters are not high school graduates.
24.3% of renters have a bachelor’s degree or higher.
3.89% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (79.9%), Caucasian (77.1%), and Black or African American (8.28%).

Kansas Renting Statistics

Rent is less expensive, and rental vacancy is higher than average.

33.1% of households rent their homes.
The median gross rent is $1,029, up 4.36% YoY.
The rental vacancy rate is 6.5%.
2.2 people live in the average renting household.
6.03% of rent-paying households pay $2,000 or more per month in rent.
5.16% of occupied units are not rent-paying.
40.7% of renters are under 35 years old.
17.4% are 65 or older.
9.27% of renters are not high school graduates.
27.4% of renters have a bachelor’s degree or higher.
3.09% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (73.3%), Caucasian (68.9%), and Hispanic or Latino (12.5%).

Kentucky Renting Statistics

Rent prices are lower than they are in 90% of states, and renters are less educated.

31.7% of households rent their homes.
The median gross rent is $933, up 3.44% YoY.
The rental vacancy rate is 5.0%.
2.3 people live in the average renting household.
3.02% of rent-paying households pay $2,000 or more per month in rent.
8.65% of occupied units are not rent-paying.
36.5% of renters are under 35 years old.
15.8% are 65 or older.
13.8% of renters are not high school graduates.
20.8% of renters have a bachelor’s degree or higher.
4.05% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (75.1%), Caucasian (73.4%), and Black or African American (15.0%).

Louisiana Renting Statistics

Louisiana renters are some of the least likely to be rent-paying and least educated.

32.7% of households rent their homes.
The median gross rent is $1,038, up 4.22% YoY.
The rental vacancy rate is 7.8%.
2.4 people live in the average renting household.
4.76% of rent-paying households pay $2,000 or more per month in rent.
10.0% of occupied units are not rent-paying.
34.8% of renters are under 35 years old.
15.9% are 65 or older.
16.2% of renters are not high school graduates.
20.0% of renters have a bachelor’s degree or higher.
4.87% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are Black or African American (45.8%), White, including Caucasian, Hispanic or Latino (42.9%), and Caucasian (40.9%).

Maine Renting Statistics

Households are among the least likely to rent, and renters are among the nation’s oldest.

26.0% of households rent their homes.
The median gross rent is $1,084, up 7.43% YoY.
The rental vacancy rate is 4.3%.
2.0 people live in the average renting household.
8.84% of rent-paying households pay $2,000 or more per month in rent.
7.67% of occupied units are not rent-paying.
31.1% of renters are under 35 years old.
23.9% are 65 or older.
7.71% of renters are not high school graduates.
28.7% of renters have a bachelor’s degree or higher.
5.37% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (88.5%), Caucasian (92.3%), and Two or More Races (4.36%).

Maryland Renting Statistics

Rent prices are very high, and renters are more educated.

32.5% of households rent their homes.
The median gross rent is $1,662, up 4.01% YoY.
The rental vacancy rate is 4.9%.
2.3 people live in the average renting household.
29.7% of rent-paying households pay $2,000 or more per month in rent.
3.34% of occupied units are not rent-paying.
31.2% of renters are under 35 years old.
17.5% are 65 or older.
11.2% of renters are not high school graduates.
35.2% of renters have a bachelor’s degree or higher.
3.91% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are Black or African American (43.6%), White, including Caucasian, Hispanic or Latino (38.1%), and Caucasian (36.0%).

Massachusetts Renting Statistics

Renters in Massachusetts are the most educated among the states and second only to D.C. in the rate of college-educated renters.

37.4% of households rent their homes.
The median gross rent is $1,687, up 6.23% YoY.
The rental vacancy rate is 3.4%.
2.1 people live in the average renting household.
37.1% of rent-paying households pay $2,000 or more per month in rent.
3.51% of occupied units are not rent-paying.
32.6% of renters are under 35 years old.
19.9% are 65 or older.
12.7% of renters are not high school graduates.
39.1% of renters have a bachelor’s degree or higher.
5.80% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (62.4%), Caucasian (58.2%), and Hispanic or Latino (18.7%).

Michigan Renting Statistics

Households are the third-least likely to rent.

27.1% of households rent their homes.
The median gross rent is $1,084, up 4.53% YoY.
The rental vacancy rate is 5.0%.
2.1 people live in the average renting household.
6.56% of rent-paying households pay $2,000 or more per month in rent.
5.29% of occupied units are not rent-paying.
36.4% of renters are under 35 years old.
18.8% are 65 or older.
10.6% of renters are not high school graduates.
24.5% of renters have a bachelor’s degree or higher.
3.85% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (61.0%), Caucasian (59.0%), and Black or African American (26.9%).

Minnesota Renting Statistics

Households are less likely to rent than they are in most other states.

27.6% of households rent their homes.
The median gross rent is $1,235, up 4.84% YoY.
The rental vacancy rate is 5.1%.
2.0 people live in the average renting household.
13.4% of rent-paying households pay $2,000 or more per month in rent.
4.11% of occupied units are not rent-paying.
39.1% of renters are under 35 years old.
20.6% are 65 or older.
9.41% of renters are not high school graduates.
31.6% of renters have a bachelor’s degree or higher.
3.33% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (70.3%), Caucasian (68.3%), and Black or African American (14.1%).

Mississippi Renting Statistics

Some of the nation’s least educated renters live in Mississippi.

30.5% of households rent their homes.
The median gross rent is $923, up 3.01% YoY.
The rental vacancy rate is 8.6%.
2.4 people live in the average renting household.
2.55% of rent-paying households pay $2,000 or more per month in rent.
12.1% of occupied units are not rent-paying.
34.1% of renters are under 35 years old.
15.4% are 65 or older.
15.8% of renters are not high school graduates.
18.6% of renters have a bachelor’s degree or higher.
5.76% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are Black or African American (53.6%), White, including Caucasian, Hispanic or Latino (40.0%), and Caucasian (39.0%).

Missouri Renting Statistics

Rent prices and rental vacancy are lower than average.

32.1% of households rent their homes.
The median gross rent is $996, up 4.08% YoY.
The rental vacancy rate is 5.0%.
2.1 people live in the average renting household.
4.84% of rent-paying households pay $2,000 or more per month in rent.
6.00% of occupied units are not rent-paying.
37.7% of renters are under 35 years old.
17.9% are 65 or older.
10.2% of renters are not high school graduates.
25.7% of renters have a bachelor’s degree or higher.
3.33% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian or Hispanic or Latino (68.6%), Caucasian (66.8%), and Black or African American (20.7%).

Montana Renting Statistics

Rental prices are lower than average, and renters are more likely to be under 35 years old.

30.6% of households rent their homes.
The median gross rent is $1,031, up 5.85% YoY.
The rental vacancy rate is 5.6%.
2.1 people live in the average renting household.
8.55% of rent-paying households pay $2,000 or more per month in rent.
8.17% of occupied units are not rent-paying.
40.0% of renters are under 35 years old.
18.0% are 65 or older.
6.12% of renters are not high school graduates.
28.9% of renters have a bachelor’s degree or higher.
4.09% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (84.7%), Caucasian (82.7%), and American Indian or Alaska Native (6.50%).

Nebraska Renting Statistics

Renters are more likely to be under 35 and a little less likely to have a college degree.

33.5% of households rent their homes.
The median gross rent is $1,035, up 4.86% YoY.
The rental vacancy rate is 4.7%.
2.1 people live in the average renting household.
4.98% of rent-paying households pay $2,000 or more per month in rent.
5.39% of occupied units are not rent-paying.
40.7% of renters are under 35 years old.
17.6% are 65 or older.
9.28% of renters are not high school graduates.
27.4% of renters have a bachelor’s degree or higher.
3.89% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (75.9%), Caucasian (72.0%), and Hispanic or Latino (11.9%).

Nevada Renting Statistics

Median gross rent is higher than average, and households are more likely to rent.

40.7% of households rent their homes.
The median gross rent is $1,489, up 7.74% YoY.
The rental vacancy rate is 6.7%.
2.5 people live in the average renting household.
19.3% of rent-paying households pay $2,000 or more per month in rent.
3.07% of occupied units are not rent-paying.
30.9% of renters are under 35 years old.
16.7% are 65 or older.
13.4% of renters are not high school graduates.
23.5% of renters have a bachelor’s degree or higher.
1.85% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (51.8%), Caucasian (45.0%), Hispanic or Latino (26.5%), and Black or African American (15.9%).

New Hampshire Renting Statistics

Renters are among the nation’s oldest, and rental vacancy is exceptionally low.

27.5% of households rent their homes.
The median gross rent is $1,423, up 6.51% YoY.
The rental vacancy rate is 3.9%.
2.1 people live in the average renting household.
18.1% of rent-paying households pay $2,000 or more per month in rent.
4.12% of occupied units are not rent-paying.
31.3% of renters are under 35 years old.
21.8% are 65 or older.
8.40% of renters are not high school graduates.
30.8% of renters have a bachelor’s degree or higher.
4.38% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (85.6%), Caucasian (83.6%), and Hispanic or Latino (6.42%).

New Jersey Renting Statistics

Rent is among the nation’s highest, and rental vacancy is low.

36.3% of households rent their homes.
The median gross rent is $1,653, up 4.82% YoY.
The rental vacancy rate is 3.6%.
2.4 people live in the average renting household.
30.2% of rent-paying households pay $2,000 or more per month in rent.
2.91% of occupied units are not rent-paying.
26.7% of renters are under 35 years old.
19.6% are 65 or older.
13.4% of renters are not high school graduates.
34.1% of renters have a bachelor’s degree or higher.
6.29% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (44.5%), Caucasian (37.7%), Hispanic or Latino (29.7%), and Black or African American (21.3%).

New Mexico Renting Statistics

Rent prices are low, while rental vacancy is higher than average.

30.7% of households rent their homes.
The median gross rent is $1,021, up 5.69% YoY.
The rental vacancy rate is 6.1%.
2.3 people live in the average renting household.
5.63% of rent-paying households pay $2,000 or more per month in rent.
8.82% of occupied units are not rent-paying.
35.4% of renters are under 35 years old.
17.6% are 65 or older.
12.3% of renters are not high school graduates.
27.8% of renters have a bachelor’s degree or higher.
4.35% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (56.0%), Hispanic or Latino (42.7%), Caucasian (40.1%), and Two or More Races (17.9%).

New York Renting Statistics

New Yorkers are more than twice as likely to live in one apartment long-term than in any other state.

45.7% of households rent their homes.
The median gross rent is $1,576, up 4.58% YoY.
The rental vacancy rate is 3.8%.
2.3 people live in the average renting household.
32.9% of rent-paying households pay $2,000 or more per month in rent.
3.33% of occupied units are not rent-paying.
27.8% of renters are under 35 years old.
21.2% are 65 or older.
14.9% of renters are not high school graduates.
36.8% of renters have a bachelor’s degree or higher.
14.0% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (47.7%), Caucasian (43.3%), Hispanic or Latino (25.5%), and Black or African American (20.6%).

North Carolina Renting Statistics

Rent prices are lower than average, while rental vacancy is higher.

33.6% of households rent their homes.
The median gross rent is $1,162, up 6.31% YoY.
The rental vacancy rate is 6.9%.
2.3 people live in the average renting household.
8.88% of rent-paying households pay $2,000 or more per month in rent.
6.52% of occupied units are not rent-paying.
36.7% of renters are under 35 years old.
15.5% are 65 or older.
12.3% of renters are not high school graduates.
29.0% of renters have a bachelor’s degree or higher.
3.67% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (52.1%), Caucasian (49.6%), and Black or African American (33.0%).

North Dakota Renting Statistics

Rental prices are among the nation’s lowest, and rental vacancy is extremely high.

36.6% of households rent their homes.
The median gross rent is $934, up 2.41% YoY.
The rental vacancy rate is 9.3%.
1.9 people live in the average renting household.
3.55% of rent-paying households pay $2,000 or more per month in rent.
5.46% of occupied units are not rent-paying.
46.4% of renters are under 35 years old.
16.3% are 65 or older.
6.96% of renters are not high school graduates.
27.7% of renters have a bachelor’s degree or higher.
3.29% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (77.3%), Caucasian (75.3%), and Black or African American (7.15%).

Ohio Renting Statistics

Rent prices are lower, and renters are less educated.

33.0% of households rent their homes.
The median gross rent is $988, up 4.55% YoY.
The rental vacancy rate is 4.3%.
2.1 people live in the average renting household.
4.85% of rent-paying households pay $2,000 or more per month in rent.
5.22% of occupied units are not rent-paying.
35.6% of renters are under 35 years old.
18.0% are 65 or older.
11.2% of renters are not high school graduates.
23.7% of renters have a bachelor’s degree or higher.
4.09% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (65.8%), Caucasian (64.2%), and Black or African American (23.5%).

Oklahoma Renting Statistics

Renters are younger and less educated than in other states.

34.2% of households rent their homes.
The median gross rent is $980, up 4.93% YoY.
The rental vacancy rate is 6.8%.
2.4 people live in the average renting household.
3.94% of rent-paying households pay $2,000 or more per month in rent.
7.73% of occupied units are not rent-paying.
39.1% of renters are under 35 years old.
14.8% are 65 or older.
12.5% of renters are not high school graduates.
21.0% of renters have a bachelor’s degree or higher.
2.84% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (62.9%), Caucasian (58.8%), and Black or African American (12.8%).

Oregon Renting Statistics

Rent prices are higher than average, and households are more likely to rent.

36.6% of households rent their homes.
The median gross rent is $1,450, up 5.61% YoY.
The rental vacancy rate is 3.8%.
2.2 people live in the average renting household.
19.1% of rent-paying households pay $2,000 or more per month in rent.
4.06% of occupied units are not rent-paying.
36.3% of renters are under 35 years old.
17.2% are 65 or older.
9.40% of renters are not high school graduates.
31.4% of renters have a bachelor’s degree or higher.
2.71% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (75.2%), Caucasian (70.7%), and Hispanic or Latino (14.6%).

Pennsylvania Renting Statistics

Households are less likely to rent, and renters are older than in other states.

30.7% of households rent their home.
The median gross rent is $1,162, up 4.68% YoY.
The rental vacancy rate is 4.9%.
2.1 people live in the average renting household.
11.2% of rent-paying households pay $2,000 or more per month in rent.
5.41% of occupied units are not rent-paying.
33.7% of renters are under 35 years old.
21.2% are 65 or older.
10.5% of renters are not high school graduates.
29.5% of renters have a bachelor’s degree or higher.
5.62% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (65.9%), Caucasian (63.3%), and Black or African American (18.7%).

Rhode Island Renting Statistics

Households are more likely to rent, and the average renter age is among the highest in the nation.

36.7% of households rent their home.
The median gross rent is $1,273, up 6.53% YoY.
The rental vacancy rate is 4.5%.
2.1 people live in the average renting household.
13.6% of rent-paying households pay $2,000 or more per month in rent.
3.91% of occupied units are not rent-paying.
32.0% of renters are under 35 years old.
21.1% are 65 or older.
15.4% of renters are not high school graduates.
29.5% of renters have a bachelor’s degree or higher.
5.52% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (64.7%), Caucasian (60.2%), and Hispanic or Latino (22.6%).

South Carolina Renting Statistics

Households are much less likely to rent their homes.

28.6% of households rent their homes.
The median gross rent is $1,126, up 5.73% YoY.
The rental vacancy rate is 8.3%.
2.3 people live in the average renting household.
8.48% of rent-paying households pay $2,000 or more per month in rent.
8.73% of occupied units are not rent-paying.
35.6% of renters are under 35 years old.
15.5% are 65 or older.
13.9% of renters are not high school graduates.
23.5% of renters have a bachelor’s degree or higher.
4.59% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (49.8%), Caucasian (47.9%), and Black or African American (39.5%).

South Dakota Renting Statistics

South Dakota rent prices are among the nation’s lowest.

31.4% of households rent their homes.
The median gross rent is $912, up 3.87% YoY.
The rental vacancy rate is 6.1%.
2.1 people live in the average renting household.
3.28% of rent-paying households pay $2,000 or more per month in rent.
7.52% of occupied units are not rent-paying.
39.5% of renters are under 35 years old.
20.4% are 65 or older.
8.44% of renters are not high school graduates.
25.8% of renters have a bachelor’s degree or higher.
4.94% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (76.9%), Caucasian (75.4%), and American Indian or Alaska Native (9.44%).

Tennessee Renting Statistics

Renters are younger and less likely to have a bachelor’s degree.

33.0% of households rent their homes.
The median gross rent is $1,122, up 7.16% YoY.
The rental vacancy rate is 6.1%.
2.3 people live in the average renting household.
8.98% of rent-paying households pay $2,000 or more per month in rent.
7.15% of occupied units are not rent-paying.
38.2% of renters are under 35 years old.
14.8% are 65 or older.
12.3% of renters are not high school graduates.
25.0% of renters have a bachelor’s degree or higher.
3.53% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (61.8%), Caucasian (59.5%), and Black or African American (27.3%).

Texas Renting Statistics

Renters are less educated, and rental vacancy is very high.

37.4% of households rent their homes.
The median gross rent is $1,339, up 7.03% YoY.
The rental vacancy rate is 7.4%.
2.4 people live in the average renting household.
15.4% of rent-paying households pay $2,000 or more per month in rent.
4.41% of occupied units are not rent-paying.
40.0% of renters are under 35 years old.
12.3% are 65 or older.
14.2% of renters are not high school graduates.
29.3% of renters have a bachelor’s degree or higher.
2.34% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (49.4%), Caucasian (36.6%), Hispanic or Latino (35.6%), and Black or African American (20.3%).

Utah Renting Statistics

Renters are among the youngest in the nation.

29.4% of households rent their homes.
The median gross rent is $1,405, up 7.91% YoY.
The rental vacancy rate is 5.6%.
2.6 people live in the average renting household.
16.9% of rent-paying households pay $2,000 or more per month in rent.
3.87% of occupied units are not rent-paying.
48.4% of renters are under 35 years old.
11.0% are 65 or older.
7.54% of renters are not high school graduates.
29.4% have a bachelor’s degree or higher.
2.04% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (77.3%), Caucasian (70.9%), and Hispanic or Latino (17.9%).

Vermont Renting Statistics

Renting is less popular with households, and renters are more likely to be over the age of 65.

27.2% of households rent their homes.
The median gross rent is $1,193, up 3.83% YoY.
The rental vacancy rate is 3.4%.
2.0 people live in the average renting household.
11.2% of rent-paying households pay $2,000 or more per month in rent.
5.05% of occupied units are not rent-paying.
35.4% of renters are under 35 years old.
22.2% are 65 or older.
7.38% of renters are not high school graduates.
37.0% have a bachelor’s degree or higher.
4.64% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (89.2%), Caucasian (88.3%), and Two or More Races (5.07%).

Virginia Renting Statistics

Rent prices are higher than average.

32.8% of households rent their homes.
The median gross rent is $1,514, up 5.14% YoY.
The rental vacancy rate is 4.9%.
2.3 people live in the average renting household.
27.0% of rent-paying households pay $2,000 or more per month in rent.
4.88% of occupied units are not rent-paying.
36.0% of renters are under 35 years old.
15.2% are 65 or older.
10.3% of renters are not high school graduates.
36.4% have a bachelor’s degree or higher.
3.60% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (53.3%), Caucasian (50.3%), and Black or African American (29.1%).

Washington Renting Statistics

Households are more likely to rent. Renters are also more educated.

36.1% of households rent their homes.
The median gross rent is $1,682, up 5.65% YoY.
The rental vacancy rate is 4.3%.
2.3 people live in the average renting household.
33.5% of rent-paying households pay $2,000 or more per month in rent.
3.65% of occupied units are not rent-paying.
39.7% of renters are under 35 years old.
15.2% are 65 or older.
9.04% of renters are not high school graduates.
34.3% have a bachelor’s degree or higher.
2.54% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (65.7%), Caucasian (62.0%), and Hispanic or Latino (14.3%).

West Virginia Renting Statistics

Fewer households rent in West Virginia. The state also has the lowest median gross rent nationwide.

25.7% of households rent their homes.
The median gross rent is $850, up 2.29% YoY.
The rental vacancy rate is 7.0%.
2.2 people live in the average renting household.
2.01% of rent-paying households pay $2,000 or more per month in rent.
15.2% of occupied units are not rent-paying.
34.9% of renters are under 35 years old.
18.5% are 65 or older.
13.3% of renters are not high school graduates.
19.1% have a bachelor’s degree or higher.
6.74% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (86.5%), Caucasian (85.9%), and Black or African American (6.52%).

Wisconsin Renting Statistics

Rent is lower and rental vacancy is lower than average

32.1% of households rent their homes.
The median gross rent is $1,045, up 5.34% YoY.
The rental vacancy rate is 4.7%.
2.0 people live in the average renting household.
5.30% of rent-paying households pay $2,000 or more per month in rent.
4.08% of occupied units are not rent-paying.
37.9% of renters are under 35 years old.
19.4% are 65 or older.
8.86% of renters are not high school graduates.
26.4% have a bachelor’s degree or higher.
4.25% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (74.1%), Caucasian (71.8%), and Black or African American (12.3%).

Wyoming Renting Statistics

Rent prices are low, and renters tend to be younger on average.

28.1% of households rent their homes.
The median gross rent is $968, up 3.75% YoY.
The rental vacancy rate is 7.9%.
2.1 people live in the average renting household.
5.62% of rent-paying households pay $2,000 or more per month in rent.
9.13% of occupied units are not rent-paying.
41.2% of renters are under 35 years old.
15.9% are 65 or older.
7.26% of renters are not high school graduates.
23.7% have a bachelor’s degree or higher.
3.63% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are White, including Caucasian, Hispanic or Latino (86.1%), Caucasian (81.3%), and Hispanic or Latino (10.9%).

Puerto Rico Renting Statistics

Renters are 57% more likely to be high school dropouts than renters in any state. Puerto Rican renters are also the least likely to move.

31.9% of households rent their home.
The median gross rent is $562, up 3.12% YoY.
The rental vacancy rate is 5.1%.
2.5 people live in the average renting household.
1.58% of rent-paying households pay $2,000 or more per month in rent.
36.2% of occupied units are not rent-paying.
26.7% of renters are under 35 years old.
21.8% are 65 or older.
19.9% are not high school graduates.
21.2% have a bachelor’s degree or higher.
16.6% of renting households have lived in their home for more than 20 years.
The largest racial demographics among renters are Hispanic or Latino (98.7%), White, including Caucasian, Hispanic or Latino (32.0%), and Black or African American (7.97%).
28.5% of renters identify as another, unspecified race.

National Map: Rentership Among Households

Renting Statistics