ApartmentList: The State Of Renting 2026 Report

Nearly half of renters (49%) say their income doesn’t allow them to save at all. 42% are choosing to stay in relationships—romantic or platonic—longer than they wanted because breaking up would mean breaking the bank.

When looking for a home, the top three non-negotiables among Gen Z and millennials are in-unit laundry (44%), pet-friendly policies (43%), and central AC (43%). They’re clearer than ever about what makes their day-to-day lives better, and refuse to pay extra for the rest.

Sixty-three percent of renters we surveyed own a pet, and nearly half say they’ll always have one. For many, their pet is their roommate. No matter how nice an apartment looks on paper, a “no-pet” policy is often a dealbreaker.

To save on rent, almost half of renters (48%) would consider moving to a different city, 45% to a different state, and 24% said they’d even move to a different country. Nearly a quarter of renters we surveyed said that finding a cheaper place to live is the single biggest factor driving their next move.

(56%) said they’d rent out their apartment on Airbnb for short-term stays to make extra income. For these renters, living in an Airbnb-friendly apartment can add more freedom and flexibility to their lifestyle, open up a new source of income, and make rent feel more manageable.

Source: ApartmentList