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New report estimates some single millennials spend $93,000 on rent before age 30

By Emily Jashinsky
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New report estimates some single millennials spend $93,000 on rent before age 30

Delaying the purchase of a house seems to be costing millennials a lot in rent.

A new report from apartment search website RentCafe analyzed Census data to estimate that millennials spend a median $92,600 on rent between the ages of 22 and 29. The report defined millennials as people born between 1977 and 1995 and studied only “single people paying the average monthly rent on their own.”

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Housing Millennials Real Estate