Increasing Student Loan Debt Affecting Millennial Renters

Sep 1, 2016 5:02:42 PM

A Closer Look from Rental Property Solution Data

Average Student Loan Balance for Millennial Renters from 2008 to 2015

  • 60 percent of rental housing applicants from 2011 to 2015 were millennials
  • 48 percent of millennial rental applicants had student loan debts in 2015
  • Average student loan balance of millennial rental applicants reached $31,900 in 2015

Homeownership is on the decline, especially among the younger age group, while rental household formation has been rising, and millennials are a major share of this growing rental population. CoreLogic Rental Property Solutions tracks rental applicant data, and new analysis reveals that 60 percent of rental housing applicants applying from 2011-2015 were millennials. Read More > 

Quickly and easily identify top quality tenants!

Purchase single reports or conveniently bundled packages without set-up fees or minimums.
Get started now

Latest Resources

Let's talk.

What people are saying about us

Requesting a tenant check was a breeze. I appreciate having the potential applicant involved in the whole process.


As a first-time landlord, I really appreciated how simple the reports were to understand. They provided much needed clarity in assisting our rental decisions.


It was very easy to use and I love how fast the reports are generated.


Contact Us

M-F 8:30 a.m. to 8:00 p.m. EST,
Saturday 9:00 a.m. to 6:00 p.m.
Client Services:
Consumer Inquiry:
3001 Hackberry Road, Irving, TX 75063-0156



Download our latest eBook

Decision Science: Grow Revenue with Better Applicant Lease Screening