The U.S. rental market in 2026 is characterized by a “split” trajectory.

The Entering 2026, the U.S. rental market is characterized by a “split” trajectory: record-high supply is cooling prices in some regions, while extreme competition in others keeps affordability a major concern. Nationwide, the number of apartments for rent grew by 2.83%, up slightly from 2.59% last year. Yet, even with more choices available, many renters chose to stay put: Lease renewals rose to 63%, up from 62.2% in 2024, driving the national occupancy rate to 93.3% and keeping competition fierce. 

Download our 2026 Rental Market Trends document to read more!