Burlington, Vermont Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Burlington, Vermont rental market.
Burlington, Vermont
Average Apartment Rent
$2,641
Y-o-Y Change in Average
Apartment Rent
5.1%
As of May 2026
Compared to a year ago, Burlington, Vermont apartments have recorded a 5.1% rent increase.
Burlington, Vermont Average apartment rent trend
Burlington, Vermont Average Apartment Rent
Burlington, Vermont Apartment rent ranges
At 30.33%, apartments priced $2,000 - $2,500 represent the bulk of Burlington, Vermont rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 9.43%.
Burlington, Vermont Housing tenure**
Renters take up 60% of Burlington, Vermont real estate, occupying a total of 10,481 units, while homeowners live in 6,967 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$46,409
Average household size of renter-occupied housing units**
2.04
Rental vacancy rate**
2.2%
Burlington, Vermont Renter-occupied housing units by no. of bedrooms**
There are 3,978 rentals in Burlington, Vermont with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 133 units. Overall, the median number of rooms in Burlington, Vermont homes for rent is 3.8.
Burlington, Vermont Renter-occupied units by age of householder**
Most condos for rent in Burlington, Vermont are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 15 - 24 years age group (31%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Burlington, Vermont Renter-occupied housing units by family type**
Burlington, Vermont Renter-occupied housing units by the presence of own children**
A total of 2,003 apartments for rent in Burlington, Vermont, or 19% of all rentals are family households. Additionally, 10% of rental homes include children under the age of 18 – that’s 1,020 units. All in all, the median size of a renter-occupied household in Burlington, Vermont is 2.04.
Burlington, Vermont Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 47% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Burlington, Vermont.
Burlington, Vermont Renter-occupied units by year structure built**
The highest share of Burlington, Vermont apartment rentals, namely 42% or 4,443 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (14%, 1,513 units), and the ones Built 1980 - 1989 (11%, 1,103 units).
Burlington, Vermont Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Burlington, Vermont renters (46%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Burlington, Vermont condos for rent is 2019.
Burlington, Vermont Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Burlington, Vermont renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 19% have No vehicle available.
Burlington, Vermont Means of transportation to work of householders living in renter-occupied housing units**
Burlington, Vermont Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Burlington, Vermont apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
