The rental insurance market is projected to exceed $100 billion in 2025 due to increasing urbanization and a growing supply of rental properties, according to The Business Research Company.
By 2029, the market is predicted to reach $128.73 billion at a compound annual growth rate of 6.3%, attributed to digital insurance platforms, awareness and education initiatives, integration with smart home technology, economic recovery and collaborations with real estate and property management firms.
Meanwhile, most U.S. renters are staying put in 2025 as leasing renewals hit an all-time high and more than 63% of renters decide not to move, further tightening supply. At the same time, 93.3% of apartments remain occupied with limited turnover.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
