large percentage of Millennials and Gen Zers are not currently saving for a house.
In recent years, more and more Gen Zers and Millennials are entering the housing market as home buyers or renters. In 2021, almost half of rent applications in the United States were submitted by Millennial apartment seekers. In comparison, Baby Boomers and older were responsible for only ten percent of applications.
According to a survey conducted in 2021, a Distribution of renter applicants in the United States in 2021, by generation
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Other statistics that may interest you Rental market in the United States
Overview
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- Premium Statistic Share of renter households in the U.S. 2022, by state
- Premium Statistic Cost of living index in the 50 U.S. states in 2023
- Premium Statistic Most attractive metros for renters in the U.S. 2023, by lead delta
- Premium Statistic Least attractive metros for renters in the U.S. 2023, by lead delta
- Premium Statistic Market share of rental property review sites U.S. 2021
- Premium Statistic Number of residential real estate leases in the U.S. 2017-2023 with forecast by 2028
- Premium Statistic Year-on-year apartment rent change in the U.S. 2018-2023, per month
- Premium Statistic Consumer price index for rent of primary residence in the U.S. 2000-2023
Rental housing stock and supply
6
- Premium Statistic Number of renter occupied homes in the U.S. 1975-2022
- Premium Statistic U.S. housing stock: vacant rental units 2012-2023
- Basic Statistic Vacancy rate index of rental apartments in the U.S. 2023, by state
- Basic Statistic Rental vacancy rates in the U.S. 2000-2023, by region
- Premium Statistic Volume of multifamily housing units completed in the U.S. 1997-2022
- Premium Statistic Value of multifamily construction put in place U.S. 2005-2022, with forecasts to 2027
Renter profile
5
- Premium Statistic Share of residents who are renters in the U.S. 2022, by age
- Premium Statistic Living arrangements of renters in the U.S. 2022
- Premium Statistic Size of renter households in the U.S. 2022
- Premium Statistic Distribution of renters and owners in the U.S. 2022, by income
- Premium Statistic Share of renters in the U.S. 2022, by structure type
Rental costs
7
- Premium Statistic Asking rent for unfurnished apartments in the U.S. 1980-2023
- Premium Statistic Average monthly apartment rent in the U.S. 2017-2023, by apartment size
- Premium Statistic Rent for small and medium apartments in the U.S. 2023, by state
- Premium Statistic One-bedroom apartment rent in the largest cities in the U.S. 2023
- Premium Statistic Monthly rent for mobile homes in the U.S. 2010-2023
- Premium Statistic Median monthly rent for senior housing in the U.S. 2023, by state
- Premium Statistic Monthly rent of student housing in the U.S. 2023, by university
Rental costs in the largest cities
5
- Premium Statistic Monthly apartment rent and rental growth in New York City, NY 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Los Angeles, CA 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Chicago, IL, 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Houston, TX, 2018-2023
- Premium Statistic Monthly apartment rent and rental growth in Phoenix, AZ, 2018-2023
Rental affordability and homeownership plans
7
- Premium Statistic House price to rent ratio index in the U.S. 2015-2023, per quarter
- Basic Statistic Hourly wages needed to afford a two-bedroom apartment in the U.S. 2023, by state
- Basic Statistic Gross rent as a share of household income in the U.S. 2022
- Premium Statistic Share of renters with rent arrears in the U.S. 2023, by age group
- Premium Statistic Share of renters with rent arrears in the U.S. 2023, by race
- Premium Statistic Main reasons non-owners do not currently own a home U.S. 2022
- Premium Statistic Homebuyers who struggle to find a home due to affordability U.S. 2023, by generation
Further related statistics
19
- Leading regions by rental price growth in Russia in 2019
- Asking rent for unfurnished apartments in the U.S. 1980-2023
- Housing quality in rented homes New Zealand 2019
- Housing quality for non owner-occupied homes New Zealand 2019
- Most expensive cities for Airbnb apartments in the U.S. as of June 2013
- Italy: average monthly rental of unfurnished dwellings in major cities 2016
- Dwelling suitability for rented homes New Zealand 2019
- Cities in the U.S. with the most Airbnb listings per capita as of June 2013
- Countries with the most Airbnb listings as of August 2017
- Dwelling suitability for owner-occupied homes New Zealand 2019
- Cheapest places for travel rentals worldwide as of August 2014, by minimum rent
- EU-28: housing conditions by dwelling type 2016
- Portugal: housing conditions by dwelling type 2016
- Opinions of Canadians on governmental regulations of Airbnb 2016
- Sustainable food/beverage purchases by category in the U.S. 2023
- Sales of the leading other battery brands in the U.S. 2013
- Amount of Armour Lunch Bucket shelf-to-microwave oven dinners eaten in the U.S. 2020
- Confidence levels in election outcome with recount of votes U.S. 2020
- Revenue of selected privately held retail companies in California U.S. in 2018
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Statistics
- Leading regions by rental price growth in Russia in 2019
- Asking rent for unfurnished apartments in the U.S. 1980-2023
- Housing quality in rented homes New Zealand 2019
- Housing quality for non owner-occupied homes New Zealand 2019
- Most expensive cities for Airbnb apartments in the U.S. as of June 2013
- Italy: average monthly rental of unfurnished dwellings in major cities 2016
- Dwelling suitability for rented homes New Zealand 2019
- Cities in the U.S. with the most Airbnb listings per capita as of June 2013
- Countries with the most Airbnb listings as of August 2017
- Dwelling suitability for owner-occupied homes New Zealand 2019
- Cheapest places for travel rentals worldwide as of August 2014, by minimum rent
- EU-28: housing conditions by dwelling type 2016
- Portugal: housing conditions by dwelling type 2016
- Opinions of Canadians on governmental regulations of Airbnb 2016
- Sustainable food/beverage purchases by category in the U.S. 2023
- Sales of the leading other battery brands in the U.S. 2013
- Amount of Armour Lunch Bucket shelf-to-microwave oven dinners eaten in the U.S. 2020
- Confidence levels in election outcome with recount of votes U.S. 2020
- Revenue of selected privately held retail companies in California U.S. in 2018
RentCafé. (March 7, 2022). Distribution of renter applicants in the United States in 2021, by generation [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1244410/share-of-rent-applicants-in-the-usa-by-generation/
RentCafé. "Distribution of renter applicants in the United States in 2021, by generation." Chart. March 7, 2022. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1244410/share-of-rent-applicants-in-the-usa-by-generation/
RentCafé. (2022). Distribution of renter applicants in the United States in 2021, by generation. Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1244410/share-of-rent-applicants-in-the-usa-by-generation/
RentCafé. "Distribution of Renter Applicants in The United States in 2021, by Generation." Statista, Statista Inc., 7 Mar 2022, https://www.statista.com/statistics/1244410/share-of-rent-applicants-in-the-usa-by-generation/
RentCafé, Distribution of renter applicants in the United States in 2021, by generation Statista, https://www.statista.com/statistics/1244410/share-of-rent-applicants-in-the-usa-by-generation/ (last visited May 21, 2024)
Distribution of renter applicants in the United States in 2021, by generation [Graph], RentCafé, March 7, 2022. [Online]. Available: https://www.statista.com/statistics/1244410/share-of-rent-applicants-in-the-usa-by-generation/