Islanders are now paying close to £2,200 a month in rent, nearly 60% more than five years ago.
A limited supply coupled with excess demand keeps pushing rents up.
The latest States Property Prices Bulletin, for the final quarter of 2025, paints a bleak picture for those looking to move into their first place away from home.
Five years ago they would have been paying 57% less than today's prices, where the average rental property costs £2,162 a calendar month.
The average price paid for a Local Market home is nearly £596,000, which is up slightly on the autumn figure.
House sales are increasing too, with 37 more transactions compared to the previous quarter.
The average Open Market home is selling for just under £1.6M.
Separately, the Development and Planning Authority say that house building, a key States priority, is speeding up.
At the close of last year, 355 homes were being built, which is the largest number for five years.
Deputy Neil Inder, who heads up Planning, says permissions granted were at their highest level in nearly 10 years:
" Bringing confidence back into decision-making will be key to the Authority’s success.
"That approach is already reaping rewards, and there is more to come.
“The Authority also has other policy development areas that will help smooth the planning process and we are considering fast-tracking some of the larger sites."
Deputy Inder also says people can expect to hear about new plans to support multi-generational family living:
“This will look at what can be permitted for homeowners who wish to care for older relatives or accommodate returning family members."
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