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  1. Housing
  2. Renting

Rent Forever: The Share of Millennials Who Say They'll Never Own a Home Is Surging

By: Sarah Hansen
Sarah Hansen, expert in Personal finance, investing, saving, retirement, budgeting, taxes, and Senior Writer at Money
Sarah Hansen
Senior Writer | Joined October 2021
Sarah Hansen is a senior writer at Money covering all things personal finance. Previously, she covered economic policy and capital markets on the breaking news desk at Forbes.
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Editor: Brad Tuttle
Brad Tuttle, expert in Personal finance, shopping, consumer trends, and Senior Editor at Money
Brad Tuttle
Senior Editor | Joined January 2014
Brad Tuttle is a senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.
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Published: Apr 20, 2023 3 min read
A couple unloading packages in their new house
Eddie Lee / Money; Getty Images

In the midst of a tough housing market and soaring mortgage rates, more millennials than ever are saying they never plan to own a home.

What the data shows

New survey data from Apartment List shows that in 2022, 24.7% of millennials said they plan to “always rent” rather than buy a house. That’s nearly double the portion that said the same in 2018 (13.3%). Apartment List defines “millennials” as those born between 1981 and 1996.