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# US Renters Spent $441 Billion on Rent in 2014

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<!-- video src="https://cdn.jwplayer.com/manifests/AiyaulSJ.m3u8" -->
## Video: US Renters Spent $441 Billion on Rent in 2014

[Watch (HLS stream): US Renters Spent $441 Billion on Rent in 2014](https://cdn.jwplayer.com/manifests/AiyaulSJ.m3u8) (1:19)

![US Renters Spent $441 Billion on Rent in 2014](https://cdn.jwplayer.com/v2/media/AiyaulSJ/poster.jpg?width=720)

_Published 2014-12-31. According to Zillow, college kids, newlyweds and all other renters around the country paid a grand total of $441 billion for rent in 2014, up 4.9% from the year before._


---

Jul 27, 2023 5:42 PM UTC

---

## More From This Series

[All Videos](https://time.com/video/)

[Top 5 U.S. Cities for Renting](/video/T6FlZksP/)

### Top 5 U.S. Cities for Renting

[Is It Better to Rent or Buy?](/video/YKDQGzmo/)

### Is It Better to Rent or Buy?

[2014’s Most Expensive Rent By City](/video/uJ9JsntK/)

### 2014’s Most Expensive Rent By City

---


## Transcript

It's the staple of the American Dream, buying a house. And according to real estate company Zillow this might be the best time to buy as well as the worst time to rent. According to Zillow, college kids, newlyweds, and all other renters around the country paid a grand total $ 441 billion for rent in 2014, up 4. 9 % from the year before. Obviously, certain cities and states are feeling the rising cost more than others. We're looking at you New York. The brave men and women renting in the Big Apple are shouldering more than 10 % of that national total. Though, New York also had the largest number of renters in 2014 at 3.

3 million. Now obviously, this data detailing how bad the rental market is comes from a real estate company, which. Would love for more renters to become homeowners. But the truth is, buying a home doesn't seem to be getting any cheaper either. According to the Standard and Poor's Case- Shiller Home Price report, home prices are up more than 4 % this year. And while many potential homebuyers may want to get out of their apartment and into a house. A CNBC writer says, " Builders have not been active in the entry- level market lately, preferring the higher- margin move- up and luxury homes ." Zillow says it expects the cost of renting nationwide to rise at an even faster pace next year.

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