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Northeast and California lead US rental markets with high demand and low supply, driving rent growth in 2026

Market News
27 May 2026
Fox Business
View Source
Neutral
pluang ai news

Zillow's 2026 summer rental market report highlights that the hottest rental markets are mainly in the Northeast and coastal California, where demand outpaces supply. Despite a nationwide construction boom, these regions have not added enough new housing, intensifying competition and driving rent increases. Cities like Providence, New York, and San Francisco top the list with strong rent growth and low vacancy rates. This trend underscores ongoing housing shortages in key urban areas, impacting affordability and rental competition.

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