As mortgage rates remain elevated and housing inventory remains tight, luxury rentals are increasingly becoming a preferred choice for high-income U.S. households, marking a shift in how high-end housing is being viewed and occupied across the U.S.

Industry data shows a marked uptick in demand for luxury rentals, especially in markets outside of traditional urban centers. Short-term stays in properties priced at $1,000 per night or more jumped 73 percent from 2019 to 2023, according to data by AirDNA. On the long-term rental side, platforms such as Zumper and Apartment List have seen consistent activity in luxury segments, despite broader details ⇒

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