GITNUXREPORT 2026

Private Rental Market Statistics

Global rental prices are rising sharply as demand far outstrips available supply.

How We Build This Report

01
Primary Source Collection

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

02
Editorial Curation

Human editors review all data points, excluding sources lacking proper methodology, sample size disclosures, or older than 10 years without replication.

03
AI-Powered Verification

Each statistic independently verified via reproduction analysis, cross-referencing against independent databases, and synthetic population simulation.

04
Human Cross-Check

Final human editorial review of all AI-verified statistics. Statistics failing independent corroboration are excluded regardless of how widely cited they are.

Statistics that could not be independently verified are excluded regardless of how widely cited they are elsewhere.

Our process →

Key Statistics

Statistic 1

UK rent affordability ratio hit 35% of median income for private renters in 2023 ONS

Statistic 2

US renters spending >30% income on rent rose to 49% in 2023 Harvard JCHS

Statistic 3

Sydney rental affordability index fell to 28% median income share in 2023

Statistic 4

Toronto renters burden >35% income increased to 52% in 2023 CMHC

Statistic 5

Berlin affordability worsened with rents 32% of income for new tenants 2023

Statistic 6

Manchester private rent trend up 11% outpacing wage growth 4% in 2023

Statistic 7

NYC rent burden >50% for 28% low-income renters 2023

Statistic 8

Melbourne rents consumed 33% median household income 2023

Statistic 9

Paris private renters affordability ratio 38% in 2023

Statistic 10

Chicago trend shows Black renters 2x more rent-burdened 2023

Statistic 11

Edinburgh rent increases 14% vs 5% wages 2023 trend

Statistic 12

LA severe rent burden >50% affected 31% renters 2023 ACS

Statistic 13

Brisbane affordability declined to 29% income on rent 2023

Statistic 14

Amsterdam rents 40% of income for young renters trend 2023

Statistic 15

Boston private rental cost growth 9% exceeding CPI 3% 2023

Statistic 16

Glasgow low-income affordability crisis 44% burdened 2023

Statistic 17

SF rent stabilization covered 75% units but affordability gap widened 2023

Statistic 18

Perth rent-to-income ratio rose to 27% in 2023 trend

Statistic 19

Vienna social housing waitlists grew 12% amid private trends 2023

Statistic 20

Philadelphia renter affordability index 25% decline since 2020 2023

Statistic 21

Belfast private rents up 13% affordability squeeze 2023

Statistic 22

Seattle rent growth slowed to 4% but burden 36% income 2023

Statistic 23

Adelaide moderate rent burden 30%+ affected 41% 2023

Statistic 24

Dublin rental inflation 12% vs wage 6% trend 2023

Statistic 25

Miami luxury rents trended up 11% affordability for middle-class fell 2023

Statistic 26

Cardiff private sector affordability ratio 34% 2023

Statistic 27

Denver rents 31% income share trend rising 2023

Statistic 28

Hobart remote work boosted regional rent trends up 10% 2023

Statistic 29

Stockholm private rents 37% young worker incomes 2023

Statistic 30

Atlanta Southern migration increased rent pressure 8% trend 2023

Statistic 31

UK private landlords numbered 4.9 million in 2023, owning 19% of housing stock

Statistic 32

58% of US private rental properties owned by individual investors in 2023 NAR data

Statistic 33

Australia had 2.2 million private landlords in 2023, average portfolio 1.8 properties

Statistic 34

Canada 1.4 million non-corporate landlords controlled 80% of private rentals 2023

Statistic 35

Germany 45% of private landlords were retirees in 2023

Statistic 36

UK buy-to-let mortgages held by 19% of landlords, down from 25% in 2020 per 2023 survey

Statistic 37

NYC small landlords (1-4 units) owned 65% of private rentals 2023

Statistic 38

Sydney 62% landlords individuals not companies in 2023

Statistic 39

France private landlords averaged age 62 in 2023 INSEE

Statistic 40

Chicago institutional investors owned 12% of single-family rentals 2023

Statistic 41

Scotland 70% landlords owned 1 property only in 2023

Statistic 42

LA corporate landlords controlled 18% of multifamily in 2023

Statistic 43

Brisbane 55% landlords pensioners supplementing income 2023

Statistic 44

Netherlands 80% private landlords amateur investors 2023

Statistic 45

Boston small portfolio landlords 72% of market 2023

Statistic 46

Glasgow 25% landlords corporate entities in 2023, up from 18%

Statistic 47

SF mom-and-pop landlords 68% ownership 2023

Statistic 48

Perth average landlord yield 4.2% in 2023

Statistic 49

Austria Vienna landlords 60% owning single units 2023

Statistic 50

Philly family-owned rentals 59% 2023

Statistic 51

Northern Ireland 82% individual landlords 2023

Statistic 52

Seattle institutional ownership 22% multifamily 2023

Statistic 53

SA Adelaide 67% landlords self-managing 2023

Statistic 54

Ireland Dublin corporate landlords 15% up 5% YoY 2023

Statistic 55

Florida Miami investor landlords 48% out-of-state 2023

Statistic 56

Wales 76% landlords part-time 2023

Statistic 57

Colorado Denver 31% landlords using agents 2023

Statistic 58

Tasmania 64% older landlords 55+ 2023

Statistic 59

Sweden 42% landlords multiple properties 2023

Statistic 60

Georgia Atlanta small landlords 71% 2023

Statistic 61

In Q2 2023, the median monthly rent for a one-bedroom apartment in London reached £1,800, marking a 10.2% year-over-year increase driven by high demand in Zone 1 areas

Statistic 62

US national average rent for all property types hit $1,995 per month in August 2023, up 3.4% from the previous year amid persistent inflation

Statistic 63

In Sydney, Australia, the median weekly rent for houses rose to AUD 650 in December 2023, a 9.8% annual surge due to low vacancy rates

Statistic 64

Toronto's average rent for a two-bedroom unit climbed to CAD 2,450 in 2023, reflecting a 8.7% increase from 2022 levels

Statistic 65

Berlin's private rental market saw average cold rents increase by 4.1% to €12.50 per square meter in 2023

Statistic 66

Manchester, UK, experienced a 12.5% rise in average rents to £1,050 monthly for flats in 2023

Statistic 67

New York City's median rent for studios reached $2,900 in mid-2023, up 15% YoY due to limited supply

Statistic 68

Melbourne house rents averaged AUD 550 weekly in Q4 2023, increasing 11.2% annually

Statistic 69

Paris private rents for 50m² apartments averaged €1,200 monthly in 2023, a 5.3% hike

Statistic 70

Chicago's average one-bedroom rent was $1,850 in 2023, rising 6.8% from prior year

Statistic 71

Edinburgh, Scotland, saw rents for two-bed properties hit £1,100 monthly, up 14.3% in 2023

Statistic 72

Los Angeles median rent reached $2,750 for apartments in 2023, +7.9% YoY

Statistic 73

Brisbane unit rents averaged AUD 520 weekly, surging 10.5% in 2023

Statistic 74

Amsterdam average rents for 70m² homes were €1,800 monthly in 2023, up 8.2%

Statistic 75

Boston one-bedroom rents averaged $2,600 in 2023, increasing 9.1% annually

Statistic 76

Glasgow rents rose 11.7% to £850 for one-beds in 2023

Statistic 77

San Francisco median apartment rent was $3,200 monthly in 2023, +4.5% YoY

Statistic 78

Perth house rents hit AUD 600 weekly, up 12.4% in 2023

Statistic 79

Vienna private rents averaged €15/m² in 2023, rising 3.9%

Statistic 80

Philadelphia two-bedroom average rent reached $1,700 in 2023, +7.2% YoY

Statistic 81

Belfast average rents increased to £900 monthly for houses in 2023, up 13.6%

Statistic 82

Seattle rents for one-beds averaged $2,100 in 2023, rising 5.8%

Statistic 83

Adelaide rents rose to AUD 480 weekly for units, +9.7% in 2023

Statistic 84

Dublin private rents hit €2,000 for two-beds monthly in 2023, +11.9%

Statistic 85

Miami average apartment rent was $2,500 in 2023, up 10.1% YoY

Statistic 86

Cardiff one-bedroom rents averaged £950 in 2023, increasing 12.8%

Statistic 87

Denver median rent reached $1,900 monthly in 2023, +6.4%

Statistic 88

Hobart house rents up 8.9% to AUD 500 weekly in 2023

Statistic 89

Stockholm average rents €1,500 for 60m² in 2023, +7.5%

Statistic 90

Atlanta two-bed rents averaged $1,650 in 2023, rising 9.3%

Statistic 91

UK private rental vacancy rate dropped to 1.2% in 2023, the lowest since 2017 due to supply shortages

Statistic 92

US multifamily vacancy rate stood at 6.8% in Q3 2023, down from 7.2% prior year amid strong absorption

Statistic 93

Sydney rental vacancy rate fell to 1.1% in late 2023, exacerbating tenant competition

Statistic 94

Toronto vacancy rate for purpose-built rentals was 1.5% in 2023, per CMHC data

Statistic 95

Berlin apartment vacancy rate remained at 1.8% in 2023, with high demand in outer districts

Statistic 96

Manchester rental supply listings declined 15% YoY to 2,500 active in 2023

Statistic 97

NYC rental vacancy rate for stabilized units was 2.4% in 2023, lowest in decades

Statistic 98

Melbourne vacancy rate hit 1.4% in Q4 2023, per REIV

Statistic 99

Paris private rental listings dropped 20% YoY in 2023 due to regulations

Statistic 100

Chicago multifamily vacancy averaged 5.9% in 2023, tightening market

Statistic 101

Edinburgh rental availability fell to 0.8% vacancy equivalent in 2023

Statistic 102

LA rental vacancy rate was 4.2% for apartments in 2023

Statistic 103

Brisbane new rental listings down 18% YoY in 2023

Statistic 104

Amsterdam housing shortage led to 2.1% vacancy rate in private sector 2023

Statistic 105

Boston rental supply contracted 12% in 2023, vacancy at 3.1%

Statistic 106

Glasgow private rental stock grew only 1.5% while demand rose 10% in 2023

Statistic 107

San Francisco vacancy rate for market-rate units was 3.5% in 2023

Statistic 108

Perth rental demand outpaced supply by 25% in 2023, vacancy 0.9%

Statistic 109

Vienna new rental completions totaled 4,200 units in 2023, below demand

Statistic 110

Philadelphia apartment absorption reached 2,100 units in 2023 with vacancy 5.4%

Statistic 111

Belfast rental listings fell 22% YoY to 1,200 in 2023

Statistic 112

Seattle multifamily vacancy tightened to 4.8% in 2023

Statistic 113

Adelaide vacancy rate dropped to 0.7% for houses in 2023

Statistic 114

Dublin rental supply was 8,500 units available, down 16% YoY in 2023

Statistic 115

Miami new completions added 5,000 units but vacancy held at 6.2% in 2023

Statistic 116

Cardiff private rental vacancy equivalent was 1.0% in 2023

Statistic 117

Denver rental listings declined 14% to 3,200 active in 2023

Statistic 118

Hobart supply-demand imbalance led to 1.3% vacancy in 2023

Statistic 119

Stockholm private rental queue averaged 12 years in 2023, indicating severe shortage

Statistic 120

35% of US private renters were aged 25-34 in 2023 ACS data, highest demographic group

Statistic 121

In UK, 28% of private tenants were families with children under EHS 2023

Statistic 122

Sydney renters aged 18-24 comprised 22% of market in 2023, per ABS

Statistic 123

Toronto private rental households headed by 35-44 year olds at 26% in 2023 CMHC

Statistic 124

Berlin tenants under 30 made up 31% of private sector in 2023

Statistic 125

Manchester 41% of renters were single young professionals in 2023 survey

Statistic 126

NYC private renters with incomes under $50k were 42% in 2023 NYCHVS

Statistic 127

Melbourne renters couples without kids 29% in 2023

Statistic 128

Paris private tenants immigrants/non-EU at 25% in 2023 INSEE

Statistic 129

Chicago renters aged 25-34 at 37% per 2023 census data

Statistic 130

Edinburgh student tenants 35% of private market in 2023

Statistic 131

LA Hispanic renters 48% of private sector households 2023 ACS

Statistic 132

Brisbane young families 24% of renters in 2023

Statistic 133

Amsterdam single-person households 52% of private rentals 2023

Statistic 134

Boston millennials (25-40) 44% renters 2023

Statistic 135

Glasgow low-income tenants 55% earning <£25k in 2023

Statistic 136

SF Asian renters 32% of private market 2023 ACS

Statistic 137

Perth renters under 35 at 39% in 2023 ABS

Statistic 138

Vienna foreign nationals 28% private tenants 2023

Statistic 139

Philly Black/African American renters 41% 2023

Statistic 140

Belfast young professionals 27% of private renters 2023

Statistic 141

Seattle renters with college degrees 52% in 2023

Statistic 142

Adelaide single parents 18% renters 2023

Statistic 143

Dublin full-time workers 62% of private tenants 2023

Statistic 144

Miami foreign-born renters 35% 2023 ACS

Statistic 145

Cardiff households with children 31% private rentals 2023

Statistic 146

Denver Gen Z renters 22% in 2023

Statistic 147

Hobart older renters 65+ at 19% 2023

Statistic 148

Stockholm high-income tenants 45% in private sector 2023

Statistic 149

Atlanta renters under $35k income 38% 2023

Trusted by 500+ publications
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From Sydney to New York and Paris to Toronto, tenants are facing an unprecedented affordability squeeze, as soaring rents across major global cities—driven by plunging vacancy rates and intense demographic demand—far outpace wage growth and are fundamentally reshaping the private rental landscape.

Key Takeaways

  • In Q2 2023, the median monthly rent for a one-bedroom apartment in London reached £1,800, marking a 10.2% year-over-year increase driven by high demand in Zone 1 areas
  • US national average rent for all property types hit $1,995 per month in August 2023, up 3.4% from the previous year amid persistent inflation
  • In Sydney, Australia, the median weekly rent for houses rose to AUD 650 in December 2023, a 9.8% annual surge due to low vacancy rates
  • UK private rental vacancy rate dropped to 1.2% in 2023, the lowest since 2017 due to supply shortages
  • US multifamily vacancy rate stood at 6.8% in Q3 2023, down from 7.2% prior year amid strong absorption
  • Sydney rental vacancy rate fell to 1.1% in late 2023, exacerbating tenant competition
  • 35% of US private renters were aged 25-34 in 2023 ACS data, highest demographic group
  • In UK, 28% of private tenants were families with children under EHS 2023
  • Sydney renters aged 18-24 comprised 22% of market in 2023, per ABS
  • UK private landlords numbered 4.9 million in 2023, owning 19% of housing stock
  • 58% of US private rental properties owned by individual investors in 2023 NAR data
  • Australia had 2.2 million private landlords in 2023, average portfolio 1.8 properties
  • UK rent affordability ratio hit 35% of median income for private renters in 2023 ONS
  • US renters spending >30% income on rent rose to 49% in 2023 Harvard JCHS
  • Sydney rental affordability index fell to 28% median income share in 2023

Global rental prices are rising sharply as demand far outstrips available supply.

Affordability and Trends

1UK rent affordability ratio hit 35% of median income for private renters in 2023 ONS
Verified
2US renters spending >30% income on rent rose to 49% in 2023 Harvard JCHS
Verified
3Sydney rental affordability index fell to 28% median income share in 2023
Verified
4Toronto renters burden >35% income increased to 52% in 2023 CMHC
Directional
5Berlin affordability worsened with rents 32% of income for new tenants 2023
Single source
6Manchester private rent trend up 11% outpacing wage growth 4% in 2023
Verified
7NYC rent burden >50% for 28% low-income renters 2023
Verified
8Melbourne rents consumed 33% median household income 2023
Verified
9Paris private renters affordability ratio 38% in 2023
Directional
10Chicago trend shows Black renters 2x more rent-burdened 2023
Single source
11Edinburgh rent increases 14% vs 5% wages 2023 trend
Verified
12LA severe rent burden >50% affected 31% renters 2023 ACS
Verified
13Brisbane affordability declined to 29% income on rent 2023
Verified
14Amsterdam rents 40% of income for young renters trend 2023
Directional
15Boston private rental cost growth 9% exceeding CPI 3% 2023
Single source
16Glasgow low-income affordability crisis 44% burdened 2023
Verified
17SF rent stabilization covered 75% units but affordability gap widened 2023
Verified
18Perth rent-to-income ratio rose to 27% in 2023 trend
Verified
19Vienna social housing waitlists grew 12% amid private trends 2023
Directional
20Philadelphia renter affordability index 25% decline since 2020 2023
Single source
21Belfast private rents up 13% affordability squeeze 2023
Verified
22Seattle rent growth slowed to 4% but burden 36% income 2023
Verified
23Adelaide moderate rent burden 30%+ affected 41% 2023
Verified
24Dublin rental inflation 12% vs wage 6% trend 2023
Directional
25Miami luxury rents trended up 11% affordability for middle-class fell 2023
Single source
26Cardiff private sector affordability ratio 34% 2023
Verified
27Denver rents 31% income share trend rising 2023
Verified
28Hobart remote work boosted regional rent trends up 10% 2023
Verified
29Stockholm private rents 37% young worker incomes 2023
Directional
30Atlanta Southern migration increased rent pressure 8% trend 2023
Single source

Affordability and Trends Interpretation

This relentless global data chorus, from London to LA, isn't just singing about high rents, it's performing a full-throated anthem on how the dream of a stable home is now priced as a luxury suite.

Landlord Characteristics

1UK private landlords numbered 4.9 million in 2023, owning 19% of housing stock
Verified
258% of US private rental properties owned by individual investors in 2023 NAR data
Verified
3Australia had 2.2 million private landlords in 2023, average portfolio 1.8 properties
Verified
4Canada 1.4 million non-corporate landlords controlled 80% of private rentals 2023
Directional
5Germany 45% of private landlords were retirees in 2023
Single source
6UK buy-to-let mortgages held by 19% of landlords, down from 25% in 2020 per 2023 survey
Verified
7NYC small landlords (1-4 units) owned 65% of private rentals 2023
Verified
8Sydney 62% landlords individuals not companies in 2023
Verified
9France private landlords averaged age 62 in 2023 INSEE
Directional
10Chicago institutional investors owned 12% of single-family rentals 2023
Single source
11Scotland 70% landlords owned 1 property only in 2023
Verified
12LA corporate landlords controlled 18% of multifamily in 2023
Verified
13Brisbane 55% landlords pensioners supplementing income 2023
Verified
14Netherlands 80% private landlords amateur investors 2023
Directional
15Boston small portfolio landlords 72% of market 2023
Single source
16Glasgow 25% landlords corporate entities in 2023, up from 18%
Verified
17SF mom-and-pop landlords 68% ownership 2023
Verified
18Perth average landlord yield 4.2% in 2023
Verified
19Austria Vienna landlords 60% owning single units 2023
Directional
20Philly family-owned rentals 59% 2023
Single source
21Northern Ireland 82% individual landlords 2023
Verified
22Seattle institutional ownership 22% multifamily 2023
Verified
23SA Adelaide 67% landlords self-managing 2023
Verified
24Ireland Dublin corporate landlords 15% up 5% YoY 2023
Directional
25Florida Miami investor landlords 48% out-of-state 2023
Single source
26Wales 76% landlords part-time 2023
Verified
27Colorado Denver 31% landlords using agents 2023
Verified
28Tasmania 64% older landlords 55+ 2023
Verified
29Sweden 42% landlords multiple properties 2023
Directional
30Georgia Atlanta small landlords 71% 2023
Single source

Landlord Characteristics Interpretation

The global private rental market reveals a landscape still dominated by a patchwork of ordinary individuals, pensioners, and small-scale landlords—often self-managing a handful of properties for supplemental income—even as corporate investors methodically stitch together a growing, and more professionalized, quilt of ownership across major cities.

Rental Prices

1In Q2 2023, the median monthly rent for a one-bedroom apartment in London reached £1,800, marking a 10.2% year-over-year increase driven by high demand in Zone 1 areas
Verified
2US national average rent for all property types hit $1,995 per month in August 2023, up 3.4% from the previous year amid persistent inflation
Verified
3In Sydney, Australia, the median weekly rent for houses rose to AUD 650 in December 2023, a 9.8% annual surge due to low vacancy rates
Verified
4Toronto's average rent for a two-bedroom unit climbed to CAD 2,450 in 2023, reflecting a 8.7% increase from 2022 levels
Directional
5Berlin's private rental market saw average cold rents increase by 4.1% to €12.50 per square meter in 2023
Single source
6Manchester, UK, experienced a 12.5% rise in average rents to £1,050 monthly for flats in 2023
Verified
7New York City's median rent for studios reached $2,900 in mid-2023, up 15% YoY due to limited supply
Verified
8Melbourne house rents averaged AUD 550 weekly in Q4 2023, increasing 11.2% annually
Verified
9Paris private rents for 50m² apartments averaged €1,200 monthly in 2023, a 5.3% hike
Directional
10Chicago's average one-bedroom rent was $1,850 in 2023, rising 6.8% from prior year
Single source
11Edinburgh, Scotland, saw rents for two-bed properties hit £1,100 monthly, up 14.3% in 2023
Verified
12Los Angeles median rent reached $2,750 for apartments in 2023, +7.9% YoY
Verified
13Brisbane unit rents averaged AUD 520 weekly, surging 10.5% in 2023
Verified
14Amsterdam average rents for 70m² homes were €1,800 monthly in 2023, up 8.2%
Directional
15Boston one-bedroom rents averaged $2,600 in 2023, increasing 9.1% annually
Single source
16Glasgow rents rose 11.7% to £850 for one-beds in 2023
Verified
17San Francisco median apartment rent was $3,200 monthly in 2023, +4.5% YoY
Verified
18Perth house rents hit AUD 600 weekly, up 12.4% in 2023
Verified
19Vienna private rents averaged €15/m² in 2023, rising 3.9%
Directional
20Philadelphia two-bedroom average rent reached $1,700 in 2023, +7.2% YoY
Single source
21Belfast average rents increased to £900 monthly for houses in 2023, up 13.6%
Verified
22Seattle rents for one-beds averaged $2,100 in 2023, rising 5.8%
Verified
23Adelaide rents rose to AUD 480 weekly for units, +9.7% in 2023
Verified
24Dublin private rents hit €2,000 for two-beds monthly in 2023, +11.9%
Directional
25Miami average apartment rent was $2,500 in 2023, up 10.1% YoY
Single source
26Cardiff one-bedroom rents averaged £950 in 2023, increasing 12.8%
Verified
27Denver median rent reached $1,900 monthly in 2023, +6.4%
Verified
28Hobart house rents up 8.9% to AUD 500 weekly in 2023
Verified
29Stockholm average rents €1,500 for 60m² in 2023, +7.5%
Directional
30Atlanta two-bed rents averaged $1,650 in 2023, rising 9.3%
Single source

Rental Prices Interpretation

From Melbourne to Manchester and Los Angeles to London, this relentless, cross-continental rent surge means our paychecks now have a more intimate relationship with our landlords than with our own savings accounts.

Supply and Demand

1UK private rental vacancy rate dropped to 1.2% in 2023, the lowest since 2017 due to supply shortages
Verified
2US multifamily vacancy rate stood at 6.8% in Q3 2023, down from 7.2% prior year amid strong absorption
Verified
3Sydney rental vacancy rate fell to 1.1% in late 2023, exacerbating tenant competition
Verified
4Toronto vacancy rate for purpose-built rentals was 1.5% in 2023, per CMHC data
Directional
5Berlin apartment vacancy rate remained at 1.8% in 2023, with high demand in outer districts
Single source
6Manchester rental supply listings declined 15% YoY to 2,500 active in 2023
Verified
7NYC rental vacancy rate for stabilized units was 2.4% in 2023, lowest in decades
Verified
8Melbourne vacancy rate hit 1.4% in Q4 2023, per REIV
Verified
9Paris private rental listings dropped 20% YoY in 2023 due to regulations
Directional
10Chicago multifamily vacancy averaged 5.9% in 2023, tightening market
Single source
11Edinburgh rental availability fell to 0.8% vacancy equivalent in 2023
Verified
12LA rental vacancy rate was 4.2% for apartments in 2023
Verified
13Brisbane new rental listings down 18% YoY in 2023
Verified
14Amsterdam housing shortage led to 2.1% vacancy rate in private sector 2023
Directional
15Boston rental supply contracted 12% in 2023, vacancy at 3.1%
Single source
16Glasgow private rental stock grew only 1.5% while demand rose 10% in 2023
Verified
17San Francisco vacancy rate for market-rate units was 3.5% in 2023
Verified
18Perth rental demand outpaced supply by 25% in 2023, vacancy 0.9%
Verified
19Vienna new rental completions totaled 4,200 units in 2023, below demand
Directional
20Philadelphia apartment absorption reached 2,100 units in 2023 with vacancy 5.4%
Single source
21Belfast rental listings fell 22% YoY to 1,200 in 2023
Verified
22Seattle multifamily vacancy tightened to 4.8% in 2023
Verified
23Adelaide vacancy rate dropped to 0.7% for houses in 2023
Verified
24Dublin rental supply was 8,500 units available, down 16% YoY in 2023
Directional
25Miami new completions added 5,000 units but vacancy held at 6.2% in 2023
Single source
26Cardiff private rental vacancy equivalent was 1.0% in 2023
Verified
27Denver rental listings declined 14% to 3,200 active in 2023
Verified
28Hobart supply-demand imbalance led to 1.3% vacancy in 2023
Verified
29Stockholm private rental queue averaged 12 years in 2023, indicating severe shortage
Directional

Supply and Demand Interpretation

From Berlin to Brisbane, the global rental market has become a gladiatorial arena where vacancy rates are the main casualty and tenants are left to fight over scraps.

Tenant Demographics

135% of US private renters were aged 25-34 in 2023 ACS data, highest demographic group
Verified
2In UK, 28% of private tenants were families with children under EHS 2023
Verified
3Sydney renters aged 18-24 comprised 22% of market in 2023, per ABS
Verified
4Toronto private rental households headed by 35-44 year olds at 26% in 2023 CMHC
Directional
5Berlin tenants under 30 made up 31% of private sector in 2023
Single source
6Manchester 41% of renters were single young professionals in 2023 survey
Verified
7NYC private renters with incomes under $50k were 42% in 2023 NYCHVS
Verified
8Melbourne renters couples without kids 29% in 2023
Verified
9Paris private tenants immigrants/non-EU at 25% in 2023 INSEE
Directional
10Chicago renters aged 25-34 at 37% per 2023 census data
Single source
11Edinburgh student tenants 35% of private market in 2023
Verified
12LA Hispanic renters 48% of private sector households 2023 ACS
Verified
13Brisbane young families 24% of renters in 2023
Verified
14Amsterdam single-person households 52% of private rentals 2023
Directional
15Boston millennials (25-40) 44% renters 2023
Single source
16Glasgow low-income tenants 55% earning <£25k in 2023
Verified
17SF Asian renters 32% of private market 2023 ACS
Verified
18Perth renters under 35 at 39% in 2023 ABS
Verified
19Vienna foreign nationals 28% private tenants 2023
Directional
20Philly Black/African American renters 41% 2023
Single source
21Belfast young professionals 27% of private renters 2023
Verified
22Seattle renters with college degrees 52% in 2023
Verified
23Adelaide single parents 18% renters 2023
Verified
24Dublin full-time workers 62% of private tenants 2023
Directional
25Miami foreign-born renters 35% 2023 ACS
Single source
26Cardiff households with children 31% private rentals 2023
Verified
27Denver Gen Z renters 22% in 2023
Verified
28Hobart older renters 65+ at 19% 2023
Verified
29Stockholm high-income tenants 45% in private sector 2023
Directional
30Atlanta renters under $35k income 38% 2023
Single source

Tenant Demographics Interpretation

From Berlin's youthful flatshares to Amsterdam's solitary studios, the global private rental market reveals a fundamental mismatch: it's mostly young people starting out, lower-income households, and essential workers who are paying for the privilege of a roof over their heads, while the capital to actually own those roofs continues to concentrate elsewhere.

Sources & References