Lodgis 2025 barometer: long-term furnished rental supply in France fell 24%, regional rents +8.8%, demand spikes. What landlords and tenants can expect in 2026.
The long-term furnished rental market in France is in the midst of an unprecedented squeeze. According to the Lodgis 2025 annual barometer — based on more than 10,000 managed furnished homes — the national supply of long-term furnished rentals plunged 24% in one year while demand exploded in several cities. That imbalance is pushing rents up in the regions and stretching tenant stays, creating new challenges and opportunities for rental real estate investment.
A market under strain
Landlords pulled back in 2025, adopting a wait-and-see approach amid economic uncertainty and a sluggish recovery in real estate transactions. The result: fewer units available to new tenants and mounting pressure on prices where demand is rising fastest. In Île-de-France the situation is particularly acute — stock contracted by 25% in the second half of 2025 while regional demand rose 15%.
Rents: relative stability in Paris, sharp rises outside
Paris shows only modest rent growth — central Paris +0.94% and the rest of the city +0.75% — but this masks growing scarcity: average rents in central Paris now reach €41.98/m². Outside Île-de-France, however, prices climbed sharply overall (+8.83% on average). Lyon led with an 11.93% increase to €22.19/m² as demand jumped 40%. Other regional dynamics were mixed: Montpellier rose modestly (+1.3% to €15.06/m²) with demand +83%, Toulouse saw a small rent dip but demand up 45%, while Bordeaux and Aix-en-Provence recorded falling rents despite demand surges of +200% and +228% respectively.
Who is renting furnished homes?
Tenant profiles are shifting. French renters now make up 49.1% of demand (+1.4 points). EU nationals account for 27%, North Americans 11.5% and Asian renters declined to 3.8%. Regions are also becoming more international: 25.3% of regional tenants are foreigners (+7.9 points). Lyon stands out: mobile professionals now represent 72.2% of furnished rentals there (up 25.6 points), reflecting a city increasingly driven by business mobility.
Lease types and length of stay
Main residence leases dominate, representing 40% of contracts (+1.4 points). Second-home leases are up to 23% while mobility leases — originally created for short professional moves — continue to decline (down 3.8 points nationally and 3.4 points in Île-de-France). That trend helps explain why average stays are lengthening in some places: in Paris the average stay reached a record 8 months (239.2 nights), up 2.9%. Regionally the picture is mixed: overall nights average 239.3 but the national average duration fell relative to 2024, and Lyon’s average stay nearly halved (from 11.1 months to 5.7 months) due to the influx of short-term mobile professionals. Property mix is changing too: studios have dropped nearly 19 points while two- and three-room apartments gain market share.
What this means for 2026
The mismatch between supply and demand is likely to persist into 2026 as many owners remain cautious. That continued contraction could keep upward pressure on regional rents and extend tenant stays in tight markets like Paris. A noteworthy policy development is the new private landlord status introduced by the government, which — while less ambitious than some had hoped — brings clearer regulatory and fiscal rules for investors. Lodgis’ analysis suggests long-term furnished rentals remain an attractive option for rental real estate investment due to this relative stability.
Practical takeaways
• For investors: regulatory clarity from the private landlord status and continued rental demand in many cities make long-term furnished rentals worth considering, but factor in a cautious owner market and regional variance in yields.
• For tenants: expect higher competition and longer searches in hotspots; flexibility and quicker decision-making can help secure properties.
• For policymakers and managers: addressing supply-side hesitation and adapting stock (fewer studios, more multi-room units) will be key to balancing markets.
