Urbanization has caused the city to gather a relatively large number of floating populations. Apartment leasing has become a necessary demand for this group; especially among the white-collar workers, 43.0% of white-collar workers have expressed the possibility of accepting the lifestyle of renting a house without buying a house. In particular, the long-rental apartment market in first-tier cities has been basically popularized. The occupancy rates of long-term rental apartments in Beijing, Shanghai, Guangzhou and Shenzhen have reached 93.0%, 89.0%, 95.0% and 96.0% respectively. iiMedia Research found that long-term rental apartments are favored by capital. Real estate developers, real estate service agencies, Internet capital and hotel service groups have entered the long-term rental apartment industry, forming a brand of parking, free, YOU+ international youth. But they are highly competitive. iiMedia Research analysts believe that the long-term rental apartment industry is still in the exploration stage of multiple operating modes. The major brands have not formed a relatively fixed market structure for the time being. The price/performance ratio is the focus of the long-term rental apartment in the second half. Service and technology will become the important development direction of long-term rental apartments in the future.