Home & lifestyle · 49 figures
Rent Price Statistics 2026
The median asking rent for a vacant US rental was $1,541 a month in the third quarter of 2026, according to the Census Bureau, while Zillow puts the typical market rent at $1,932, up 2.7 percent in a year. The BLS shelter index rose 3.2 percent in the year to September 2026, and nearly half of US renter households spend more than 30 percent of income on housing. In the UK the average private rent is £1,406, up 3.8 percent according to the ONS, and EU rents rose 3.0 percent in the year to the second quarter of 2026 according to Eurostat.
- $1,541The median asking rent for vacant US rental units was $1,541 a month in the third quarter of 2026.U.S. Census Bureau
- $1,932The typical US rent measured by the Zillow Observed Rent Index was $1,932 a month in September 2026.Zillow
- 3.2 percentThe US CPI shelter index rose 3.2 percent in the 12 months to September 2026.U.S. Bureau of Labor Statistics
- 7.6 percentThe US rental vacancy rate was 7.6 percent in the third quarter of 2026, against 1.2 percent for homeowner housing.U.S. Census Bureau
- 49.7%49.7 percent of the 42.5 million US renter households for which burden is calculated spent more than 30 percent of income on housing in 2023.U.S. Census Bureau
- $34.73A full-time US worker needs to earn $34.73 an hour in 2026 to afford a modest two-bedroom rental at HUD's Fair Market Rent, against an average renter wage of $24.84.National Low Income Housing Coalition
- £1,406The average UK private rent was £1,406 a month in September 2026, up 3.8 percent from a year earlier.Office for National Statistics
- 3.0%EU rents rose 3.0 percent in the second quarter of 2026 compared with a year earlier, while house prices rose 4.7 percent.Eurostat
This page collects current figures on what renters pay and how fast rents are changing. It covers US asking rents, vacancies and renter households from the Census Bureau's Housing Vacancy Survey, rents paid and rent burden from the American Community Survey, rent inflation from the Bureau of Labor Statistics Consumer Price Index, HUD Fair Market Rents, affordability measures from the National Low Income Housing Coalition and Harvard's Joint Center for Housing Studies, and market rent indexes from Zillow and Realtor.com. International figures come from the ONS Price Index of Private Rents, Eurostat, Statistics Canada, CMHC and the Australian Bureau of Statistics. Most figures describe 2026, with 2023 to 2025 survey data where that is the latest year published.
US rents are rising again, but slowly. The Census Bureau's Housing Vacancy Survey put the median asking rent for vacant units at $1,541 in the third quarter of 2026, and the Bureau of Labor Statistics measured shelter costs 3.2 percent higher in September 2026 than a year earlier. Zillow's typical market rent of $1,932 was up 2.7 percent, its fastest pace in well over a year, while Realtor.com still recorded a 0.4 percent annual decline in the 50 largest metros. The gap between these sources comes from what they track: official indexes include sitting tenants, while listing data capture new leases first.
Supply is the main reason rent growth has stayed modest. The national rental vacancy rate reached 7.6 percent in the third quarter of 2026, up from 7.1 percent a year earlier, and the South, where apartment construction was heaviest, sat at 9.2 percent. Around two in five listings on Zillow and Realtor.com offered a concession. Demand is firming, though: Zillow's renter demand index was up 19.2 percent year over year as high mortgage costs keep buyers in the rental market.
Affordability has improved only at the margin. The Census Bureau found 49.7 percent of renter households cost burdened in 2023, and Harvard's Joint Center for Housing Studies reported that nearly half were still burdened in 2024. The National Low Income Housing Coalition calculates a 2026 two-bedroom Housing Wage of $34.73 an hour, almost $10 above the average renter wage. Renters also expect more increases: the New York Fed's survey found a median expected rent rise of 8.0 percent over the next year, far above any measured rate.
Outside the US the picture is similar. The ONS put the average UK private rent at £1,406 in September 2026, up 3.8 percent, with London at £2,338 and the North West growing fastest at 5.7 percent. Eurostat measured EU rents 3.0 percent higher in the second quarter of 2026, led by Romania and Croatia, while rent inflation was 2.8 percent in Canada and 3.6 percent in Australia.
What Americans pay in rent in 2026
Rent levels depend on what is being measured. The Census Bureau's Housing Vacancy Survey tracks asking rents for vacant units, the American Community Survey records gross rent paid by all renters including utilities, and listing platforms such as Zillow and Realtor.com measure market asking rents for units on their sites. That is why the national figure ranges from about $1,500 to more than $1,900 a month. Listing data skew toward larger metros and newer units, while survey data include older and rent-stabilized homes, so the Census figures sit lower.
US typical asking rent by property type, July 2026
Zillow Observed Rent Index, typical asking rent, United States, July 2026.
Source: Zillow, Rents near $2,000, rising at the fastest pace in over a year
- $1,541
The median asking rent for vacant US rental units was $1,541 a month in the third quarter of 2026.
U.S. Census Bureau · Quarterly Residential Vacancies and Homeownership, Third Quarter 2026 (Oct 2026)
Exact quote
In the third quarter 2026, the median asking rent for vacant for rent units was $1,541.
- $1,487
US median gross rent, which includes utilities, was $1,487 a month in 2024, up 2.7 percent from an inflation-adjusted $1,448 in 2023.
U.S. Census Bureau · The Cost of Homeownership Continues to Rise (2024 American Community Survey 1-year estimates) (Sep 2025)
Exact quote
According to the ACS, median gross rent (rent plus the cost of utilities) increased 2.7% from $1,448 in 2023 (adjusted for inflation) to $1,487 in 2024.
- $1,932
The typical US rent measured by the Zillow Observed Rent Index was $1,932 a month in September 2026.
Zillow · Rental demand is up 20% as high lending costs stifle the for-sale market (Oct 2026)
Exact quote
Typical rent is $1,932 a month, up 2.7% from a year ago.
- $2,314
Typical US single-family rents reached $2,314 a month in July 2026, against $1,786 for multifamily units.
Zillow · Rents near $2,000, rising at the fastest pace in over a year (Aug 2026)
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Single-family rents rose 3% to $2,314, far outpacing the 1.7% gain for multifamily units, which now sit at $1,786
- $1,694
The median asking rent for studio, one- and two-bedroom units across the 50 largest US metros was $1,694 in September 2026.
Realtor.com Economic Research · September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years (Oct 2026)
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Rent for 0-2 bedroom properties across the 50 largest metropolitan areas dropped by 0.4% compared to the previous year, with the median asking rent at $1,694—$6 lower than the prior year.
- 14.5%
Median asking rent in the 50 largest US metros remained $214, or 14.5 percent, above its August 2019 level in September 2026.
Realtor.com Economic Research · September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years (Oct 2026)
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While the median asking rent remains $214 (14.5%) above pre-pandemic levels recorded in August 2019, it has fallen $80 (-4.5%) from its August 2022 peak.
- $1,014
HUD set the national non-metropolitan rent used as a floor for fiscal year 2027 Fair Market Rents at $1,014 a month.
U.S. Department of Housing and Urban Development · Fair Market Rents for the Housing Choice Voucher Program, Fiscal Year 2027 (Federal Register notice) (Sep 2026)
Exact quote
For FY 2027, the national non-metropolitan rent is $1,014.
- $1,406
US renter households paid a median $1,406 a month for housing in 2023, up from an inflation-adjusted $1,354 in 2022.
U.S. Census Bureau · Nearly Half of Renter Households Are Cost-Burdened, Proportions Differ by Race (Sep 2024)
Exact quote
The median cost of housing for renters rose from $1,354 to $1,406 (after adjusting for inflation)
How fast rents are rising
Official and market measures agree that US rent growth has slowed to a low single-digit pace. The BLS shelter index, which covers all existing leases, rose 3.2 percent over the year to September 2026, while rent of primary residence rose 0.2 percent in the month. Zillow's index shows asking rents picking up to 2.7 percent annual growth, while Realtor.com's metro data still show a small decline. The gap reflects different samples: official indexes move slowly because most tenants renew at older rents, while listing data react first to new supply. Renters themselves expect much faster increases than any of these measures show.
- 3.2 percent
The US CPI shelter index rose 3.2 percent in the 12 months to September 2026.
U.S. Bureau of Labor Statistics · Consumer Price Index, September 2026 (Oct 2026)
Exact quote
The shelter index increased 3.2 percent over the last year.
- 0.2 percent
The US CPI index for rent of primary residence rose 0.2 percent in September 2026, while owners' equivalent rent rose 0.3 percent.
U.S. Bureau of Labor Statistics · Consumer Price Index, September 2026 (Oct 2026)
Exact quote
The index for owners' equivalent rent rose 0.3 percent in September, and the index for rent increased 0.2 percent.
- 0.4 percent
The US shelter index rose 0.4 percent in September 2026 after a 0.3 percent rise in August.
U.S. Bureau of Labor Statistics · Consumer Price Index, September 2026 (Oct 2026)
Exact quote
The shelter index rose 0.4 percent in September after rising 0.3 percent in August.
- 2.7%
Typical US asking rents measured by Zillow rose 2.7 percent in the year to September 2026.
Zillow · Rental demand is up 20% as high lending costs stifle the for-sale market (Oct 2026)
Exact quote
rent was $1,932 a month in September, up 2.7% from a year ago.
- 2.3%
Typical US asking rent rose to $1,962 in July 2026, up 2.3 percent from a year earlier, the fastest annual pace in over a year according to Zillow.
Zillow · Rents near $2,000, rising at the fastest pace in over a year (Aug 2026)
Exact quote
asking rent rose to $1,962 in July, up 2.3% from a year ago, the fastest annual pace in over a year, according to the Zillow® Rental Market Report for July.
- 1.9%
Zillow forecasts US multifamily rents to rise about 1.9 percent in 2026 and single-family rents about 2.9 percent.
Zillow · Rents near $2,000, rising at the fastest pace in over a year (Aug 2026)
Exact quote
Zillow forecasts multifamily rents to rise around 1.9% for the full year, and single-family rents to increase closer to 2.9%.
- 11.8%
San Francisco had the fastest rent growth among large US metros in the year to September 2026, with typical rent up 11.8 percent.
Zillow · Rental demand is up 20% as high lending costs stifle the for-sale market (Oct 2026)
Exact quote
Rent growth over the past year was also fastest in California's Bay Area, where typical rent is up 11.8% in San Francisco and 8.3% in San Jose.
- 38th
September 2026 was the 38th consecutive month of year-over-year declines in median asking rent for 0 to 2 bedroom units in the 50 largest US metros.
Realtor.com Economic Research · September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years (Oct 2026)
Exact quote
September 2026 marks the 38th year-over-year rent decline for 0–2 bedroom properties across the 50 largest metros.
- 8.0 percent
US households surveyed in February 2026 expected rents to rise a median 8.0 percent over the next 12 months.
Federal Reserve Bank of New York · SCE Housing Survey 2026 (Apr 2026)
Exact quote
Households expect rents to increase by 8.0 percent over the next twelve months, unchanged relative to the median expectation in February 2025.
Renter households, vacancies and concessions
The supply of rentals has caught up with demand in many US markets. The national rental vacancy rate rose to 7.6 percent in the third quarter of 2026, with the South at 9.2 percent after years of heavy apartment construction. Listing platforms report that roughly two in five rentals offer a concession such as a free month. At the same time, demand is rising because high mortgage costs keep would-be buyers renting, which helps explain why market rents have started to firm. Renter-occupied homes make up just under a third of the US housing stock.
US rental vacancy rate by region, third quarter 2026
Census Bureau Housing Vacancy Survey, not seasonally adjusted, third quarter 2026.
- South9.2%
- Midwest7.1%
- West6.7%
- Northeast6.2%
Source: U.S. Census Bureau, Quarterly Residential Vacancies and Homeownership, Third Quarter 2026
- 7.6 percent
The US rental vacancy rate was 7.6 percent in the third quarter of 2026, against 1.2 percent for homeowner housing.
U.S. Census Bureau · Quarterly Residential Vacancies and Homeownership, Third Quarter 2026 (Oct 2026)
Exact quote
National vacancy rates in the third quarter 2026 were 7.6 percent for rental housing and 1.2 percent for homeowner housing.
- 9.2 percent
The South had the highest rental vacancy rate of any US region in the third quarter of 2026, at 9.2 percent.
U.S. Census Bureau · Quarterly Residential Vacancies and Homeownership, Third Quarter 2026 (Oct 2026)
Exact quote
The rental vacancy rate was highest in the South (9.2 percent).
- 30.9 percent
Renter-occupied units made up 30.9 percent of all US housing units in the third quarter of 2026, against 58.6 percent owner-occupied.
U.S. Census Bureau · Quarterly Residential Vacancies and Homeownership, Third Quarter 2026 (Oct 2026)
Exact quote
Owner-occupied housing units made up 58.6 percent of total housing units, while renter-occupied units made up 30.9 percent of the inventory.
- 2.6 percent
About 2.6 percent of all US housing units were vacant and for rent in the third quarter of 2026.
U.S. Census Bureau · Quarterly Residential Vacancies and Homeownership, Third Quarter 2026 (Oct 2026)
Exact quote
Approximately 2.6 percent of the total units were vacant for rent, 0.7 percent were vacant for sale only and 0.6 percent were rented or sold but not yet occupied.
- 65.5 percent
The US homeownership rate was 65.5 percent in the third quarter of 2026, which means roughly a third of households rent.
U.S. Census Bureau · Quarterly Residential Vacancies and Homeownership, Third Quarter 2026 (Oct 2026)
Exact quote
The homeownership rate of 65.5 percent was not statistically different from the rate in the third quarter 2025 (65.3 percent) and not statistically different from the rate in the second quarter 2026 (65.0 percent).
- 19.2%
US rental demand measured by Zillow's Observed Renter Demand Index was up 19.2 percent year over year in September 2026.
Zillow · Rental demand is up 20% as high lending costs stifle the for-sale market (Oct 2026)
Exact quote
Rental demand is up 19.2% year over year nationwide, as measured by the Zillow Observed Renter Demand Index (ZORDI).
- 39.8%
39.8 percent of US rentals listed on Zillow offered a concession in July 2026, up nearly 4 percentage points from a year earlier.
Zillow · Rents near $2,000, rising at the fastest pace in over a year (Aug 2026)
Exact quote
The 39.8% national concession rate is up nearly 4 percentage points from a year ago
- 43.9%
43.9 percent of studio, one- and two-bedroom listings in the 50 largest US metros offered a concession in September 2026.
Realtor.com Economic Research · September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years (Oct 2026)
Exact quote
Meanwhile, the average share of 0-2 bedroom rental listings offering concessions across the 50 largest metros on Realtor.com was 43.9%, up 1.3 percentage points from 42.6% a year earlier.
Rent burden and affordability
A household is cost burdened when housing takes more than 30 percent of income. By that measure about half of US renters are burdened, according to both the Census Bureau and Harvard's Joint Center for Housing Studies, and the share is higher for Black renters. The National Low Income Housing Coalition's Housing Wage shows the gap in hourly terms: a modest two-bedroom home at HUD's Fair Market Rent requires $34.73 an hour, about $10 more than the average renter earns. Zillow's figures look gentler because they compare the typical new lease with median household income across all households, not renter incomes.
Average US renter wage against the Housing Wage, 2026
Hourly wage needed to afford HUD Fair Market Rent at 30 percent of income, full-time work, United States, 2026.
- Two-bedroom Housing Wage$34.7
- One-bedroom Housing Wage$29.2
- Average renter wage$24.8
Source: National Low Income Housing Coalition, NLIHC Releases Out of Reach 2026: The High Cost of Housing
- 30 percent
Nearly half of US renter households were cost burdened in 2024, spending more than 30 percent of income on housing, according to Harvard's Joint Center for Housing Studies.
Harvard Joint Center for Housing Studies · State of the Nation's Housing 2026 Finds Affordability Challenges Remain Widespread (Harvard Graduate School of Design announcement) (Jun 2026)
Exact quote
Nearly half of renter households were cost burdened in 2024, spending more than 30 percent of their income on housing, while rising property taxes, insurance costs, home prices, and mortgage rates continue to challenge homeowners and would-be buyers.
- 49.7%
49.7 percent of the 42.5 million US renter households for which burden is calculated spent more than 30 percent of income on housing in 2023.
U.S. Census Bureau · Nearly Half of Renter Households Are Cost-Burdened, Proportions Differ by Race (Sep 2024)
Exact quote
Over 21 million renter households spent more than 30% of their income on housing costs in 2023, representing nearly half (49.7%) of the 42.5 million renter households in the United States for whom rent burden is calculated.
- 31%
The median US renter household spent 31 percent of its income on rent in 2024, unchanged from 2023.
U.S. Census Bureau · The Cost of Homeownership Continues to Rise (2024 American Community Survey 1-year estimates) (Sep 2025)
Exact quote
Despite this rise in cost, the median percentage of income going towards rent did not increase in 2024, staying at 31%.
- 56.2%
56.2 percent of Black or African American renter households, 4.6 million in total, were cost burdened in 2023.
U.S. Census Bureau · Nearly Half of Renter Households Are Cost-Burdened, Proportions Differ by Race (Sep 2024)
Exact quote
Within Black or African American alone renter households, or households where the householder identified as being only Black or African American, 4.6 million (56.2%) paid more than 30% of their income on housing costs in 2023.
- $34.73
A full-time US worker needs to earn $34.73 an hour in 2026 to afford a modest two-bedroom rental at HUD's Fair Market Rent, against an average renter wage of $24.84.
National Low Income Housing Coalition · NLIHC Releases Out of Reach 2026: The High Cost of Housing (Jul 2026)
Exact quote
In 2026, the average hourly wage earned by renters is $24.84, which is $9.89 less than the national two-bedroom Housing Wage of $34.73 and $4.35 less than the one-bedroom Housing Wage of $29.19.
- 49
In 49 US states plus DC and Puerto Rico, a renter earning the average renter wage must work more than 40 hours a week to afford a modest two-bedroom home in 2026.
National Low Income Housing Coalition · NLIHC Releases Out of Reach 2026: The High Cost of Housing (Jul 2026)
Exact quote
In 49 states, the District of Columbia and Puerto Rico, renters earning the average renter wage must work more than 40 hours per week to afford a modest two-bedroom rental home.
- $825
A US family of four with a poverty-level income can afford no more than $825 a month in rent in most areas in 2026.
National Low Income Housing Coalition · NLIHC Releases Out of Reach 2026: The High Cost of Housing (Jul 2026)
Exact quote
In most areas of the U.S., a family of four with a poverty-level income can afford no more than $825 per month in rent, assuming they can spend up to 30% of their income on housing.
- 26.3%
The median US household would spend 26.3 percent of its income on a new rental in September 2026, compared with 41.3 percent for a new homeowner.
Zillow · Rental demand is up 20% as high lending costs stifle the for-sale market (Oct 2026)
Exact quote
The median household spends 26.3% of its income on a new rental, essentially unchanged from a year ago, compared with 41.3% spent by a new homeowner.
- $27,790
US consumer units spent an average $27,790 on housing in 2025, 33.9 percent of total spending, with shelter spending up 8.0 percent.
U.S. Bureau of Labor Statistics · Consumer Expenditures in 2025 (Sep 2026)
Exact quote
On average, consumer units spent $27,790 on housing in 2025, which was 33.9 percent of total average annual expenditures.
UK private rents
The Office for National Statistics' Price Index of Private Rents covers new and existing tenancies, so it moves more slowly than advertised rents. UK rent inflation held at 3.8 percent in September 2026, well below the peaks of 2023 and 2024. Growth is now fastest in northern England and slowest in London and the South East, which still have by far the highest rents. Scotland's 0.7 percent rise is the lowest on record for the series, partly reflecting past in-tenancy rent controls and a change in data collection.
Annual private rent inflation by UK nation, September 2026
ONS Price Index of Private Rents, 12 months to September 2026, provisional.
Source: Office for National Statistics, Private rent and house prices, UK: October 2026
- £1,406
The average UK private rent was £1,406 a month in September 2026, up 3.8 percent from a year earlier.
Office for National Statistics · Private rent and house prices, UK: October 2026 (Oct 2026)
Exact quote
Average UK monthly private rent increased by 3.8%, to £1,406, in the 12 months to September 2026 (provisional estimate); this annual growth rate is unchanged from the 12 months to August 2026.
- £1,466
Average private rent in England was £1,466 a month in September 2026, up 4.0 percent or £56 from a year earlier.
Office for National Statistics · Private rent and house prices, UK: October 2026 (Oct 2026)
Exact quote
Average monthly rent for England was £1,466 in September 2026, up by 4.0% (£56) from a year earlier.
- 0.7%
Scotland's average private rent rose 0.7 percent to £1,011 in the year to September 2026, the lowest annual change since the series began in 2016.
Office for National Statistics · Private rent and house prices, UK: October 2026 (Oct 2026)
Exact quote
Average monthly rent for Scotland was £1,011 in September 2026, up by 0.7% (£7) from a year earlier.
- £2,338
London had the highest average private rent of any English region in September 2026 at £2,338 a month, against £790 in the North East.
Office for National Statistics · Private rent and house prices, UK: October 2026 (Oct 2026)
Exact quote
Average rent was highest in London (£2,338) and lowest in the North East (£790) in September 2026.
- 5.7%
Private rent inflation in England was highest in the North West at 5.7 percent in the year to September 2026.
Office for National Statistics · Private rent and house prices, UK: October 2026 (Oct 2026)
Exact quote
In England, private rent annual inflation was highest in the North West (5.7%), and lowest in London and the South East (both 3.5%), in the 12 months to September 2026.
- £3,739
Kensington and Chelsea had the highest average monthly private rent of any UK local area in September 2026, at £3,739.
Office for National Statistics · Private rent and house prices, UK: October 2026 (Oct 2026)
Exact quote
In September 2026, average monthly rent was highest in Kensington and Chelsea, London (£3,739) and lowest in Dumfries and Galloway, Scotland (£556).
- £1,597
Average UK private rent in September 2026 ranged from £1,371 for flats and maisonettes to £1,597 for detached homes.
Office for National Statistics · Private rent and house prices, UK: October 2026 (Oct 2026)
Exact quote
Private rents by property size The average UK monthly private rent in September 2026 was highest for detached properties (£1,597) and lowest for flats and maisonettes (£1,371).
Rents in the EU, Canada and Australia
Rent inflation outside the US sits in a similar 3 to 4 percent band. Eurostat's rent index for the EU rose 3.0 percent in the year to the second quarter of 2026, though the spread between countries is wide, from double-digit increases in Romania and Croatia to near zero in Finland and Estonia. Canada's rent inflation has cooled to 2.8 percent as new purpose-built rentals lift vacancy rates in Toronto and Vancouver. Australia's rents are rising 3.6 percent a year. These national indexes mostly track existing tenancies, so they understate what new tenants pay in tight markets.
EU rent change, second quarter 2026 against the 2025 average
Eurostat rent index (HICP actual rentals), highest and lowest national changes, second quarter 2026 compared with 2025 average.
- Romania41.2%
- Croatia22.1%
- Slovenia10.2%
- Luxembourg1.2%
- Estonia0.1%
- Finland0.1%
Source: Eurostat, House prices and rents continued to rise in Q2 2026
- 3.0%
EU rents rose 3.0 percent in the second quarter of 2026 compared with a year earlier, while house prices rose 4.7 percent.
Eurostat · House prices and rents continued to rise in Q2 2026 (Oct 2026)
Exact quote
In the second quarter of 2026, house prices in the EU rose by 4.7%, while rents increased by 3.0% compared with the second quarter of 2025.
- 0.7%
EU rents rose 0.7 percent between the first and second quarters of 2026.
Eurostat · House prices and rents continued to rise in Q2 2026 (Oct 2026)
Exact quote
Compared with the first quarter of 2026, house prices increased by 1.2% and rents by 0.7%.
- 41.2%
Romania recorded the largest rent increase in the EU in the second quarter of 2026, 41.2 percent above its 2025 average.
Eurostat · House prices and rents continued to rise in Q2 2026 (Oct 2026)
Exact quote
The highest rises were registered in Romania (+41.2%), Croatia (+22.1%) and Slovenia (+10.2%), while the lowest were in Estonia and Finland (+0.1% each), and Luxembourg (+1.2%).
- 0.9%
In the first quarter of 2026, Slovenia was the only EU country where rents fell compared with the 2025 average, by 0.9 percent.
Eurostat · House prices and rents continued to rise in Q1 2026 (Jul 2026)
Exact quote
During the same period, rents increased in all EU countries, except Slovenia, where they fell by 0.9%, and Finland, where they remained unchanged.
- 2.8%
Rent prices in Canada rose 2.8 percent in the year to September 2026, the same pace as in August.
Statistics Canada · Consumer Price Index, September 2026 (Oct 2026)
Exact quote
Meanwhile, prices for rent rose 2.8% year over year, matching the increase in August.
- 3.7%
Vancouver's purpose-built apartment vacancy rate reached 3.7 percent in 2025, the highest since 1988, while Toronto's hit 3 percent.
Canada Mortgage and Housing Corporation · Rental Market Reports: Major Centres (2026)
Exact quote
However, trends varied by CMA: Toronto and Vancouver: The purpose-built apartment vacancy rate in Toronto hit 3% for the first time since the pandemic, while Vancouver reached 3.7%, the highest level since 1988.
- 3.6%
Rents in Australia rose 3.6 percent in the 12 months to September 2026.
Australian Bureau of Statistics · Consumer Price Index, Australia, September 2026 (Oct 2026)
Exact quote
Rental prices rose 3.6% in the 12 months to September 2026, unchanged since May 2026.
- 0.2%
Australian rents rose 0.2 percent in September 2026, or 0.3 percent excluding the indexation of Commonwealth Rent Assistance.
Australian Bureau of Statistics · Consumer Price Index, Australia, September 2026 (Oct 2026)
Exact quote
In monthly terms, rents rose 0.2% in September.
FAQ
What is the average rent in the US in 2026?
It depends on the measure. The Census Bureau put the median asking rent for vacant units at $1,541 a month in the third quarter of 2026, while Zillow's typical market rent was $1,932 in September 2026. The ACS median gross rent including utilities was $1,487 in 2024.
How much did rent go up in 2026?
The BLS shelter index rose 3.2 percent in the 12 months to September 2026. Zillow measured typical asking rents up 2.7 percent over the same period, while Realtor.com found median asking rents in the 50 largest metros down 0.4 percent.
What share of income do Americans spend on rent?
The median US renter spent 31 percent of income on rent in 2024, according to the Census Bureau. About half of renter households, 49.7 percent in 2023, spent more than 30 percent of income on housing and count as cost burdened.
What hourly wage do you need to afford rent in the US?
The National Low Income Housing Coalition's 2026 Housing Wage is $34.73 an hour for a modest two-bedroom home and $29.19 for a one-bedroom. The average renter earns $24.84 an hour.
Are rents rising in the UK and Europe?
Yes, at a moderate pace. The ONS measured UK private rents 3.8 percent higher in September 2026, at an average of £1,406 a month, and Eurostat measured EU rents 3.0 percent higher in the second quarter of 2026.
What is the US rental vacancy rate?
The Census Bureau's Housing Vacancy Survey put the national rental vacancy rate at 7.6 percent in the third quarter of 2026, up from 7.1 percent a year earlier. The South had the highest rate at 9.2 percent.
Methodology note
We selected figures from statistical agencies, a federal housing agency, a central bank survey, university and nonprofit research centers, and two listing platforms that publish their own rent indexes. Measures differ: Census asking rents cover vacant units only, ACS gross rent includes utilities and all renters, CPI shelter and national rent indexes track existing tenancies, and Zillow and Realtor.com measure asking rents on their own listings, with Realtor.com limited to studio to two-bedroom units in the 50 largest metros. Cost burden uses the standard 30 percent of income threshold. UK, EU, Canadian and Australian figures are in local currency and use national methods, so levels are not directly comparable across countries. Some figures are from 2023 to 2025 because those are the latest survey years published. Every quote was checked against the source page on the update date. Every quote is re-fetched from the source by our checker. See how we rank and verify.
Sources
- 1Australian Bureau of Statistics: Consumer Price Index, Australia, September 2026
- 2Canada Mortgage and Housing Corporation: Rental Market Reports: Major Centres
- 3Eurostat: House prices and rents continued to rise in Q2 2026
- 4Eurostat: House prices and rents continued to rise in Q1 2026
- 5Federal Reserve Bank of New York: SCE Housing Survey 2026
- 6Harvard Joint Center for Housing Studies: State of the Nation's Housing 2026 Finds Affordability Challenges Remain Widespread (Harvard Graduate School of Design announcement)
- 7National Low Income Housing Coalition: NLIHC Releases Out of Reach 2026: The High Cost of Housing
- 8Office for National Statistics: Private rent and house prices, UK: October 2026
- 9Realtor.com Economic Research: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years
- 10Statistics Canada: Consumer Price Index, September 2026
- 11U.S. Bureau of Labor Statistics: Consumer Price Index, September 2026
- 12U.S. Bureau of Labor Statistics: Consumer Expenditures in 2025
- 13U.S. Census Bureau: Quarterly Residential Vacancies and Homeownership, Third Quarter 2026
- 14U.S. Census Bureau: The Cost of Homeownership Continues to Rise (2024 American Community Survey 1-year estimates)
- 15U.S. Census Bureau: Nearly Half of Renter Households Are Cost-Burdened, Proportions Differ by Race
- 16U.S. Department of Housing and Urban Development: Fair Market Rents for the Housing Choice Voucher Program, Fiscal Year 2027 (Federal Register notice)
- 17Zillow: Rental demand is up 20% as high lending costs stifle the for-sale market
- 18Zillow: Rents near $2,000, rising at the fastest pace in over a year
Cite this page
Rankozo. (2026, November 6). Rent Price Statistics 2026. https://rankozo.com/rent-price-statistics
Questions or corrections: editorial@rankozo.com
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