The real estate market in Sweden has experienced a significant increase in prices since the late 1990s, with prices for building materials and labour increasing by almost 60% more than consumer prices. Interest rates and mortgage lending have also impacted the real estate market, with higher disposable income and lower real interest rates accounting for almost 90% of the price increase. Population growth and migration have also impacted the demand for housing in Sweden's metropolitan areas. Regulatory measures have also impacted the housing market, with macroprudential policies introduced to stabilize the market and prevent housing bubbles. This paper examines the macroeconomic factors that affect the average square meter price for tenant-owned apartments in Sweden's three metropolitan areas, Greater Stockholm, Greater Gothenburg, and Greater Malmo. The variables studied are disposable income, unemployment rate, OMXSPI index, mortgage interest rates, new developments, an amortization dummy, and a trend variable. Two regression models have been produced where the difference is that the trend variable is included in only one of them (model 2). The result of the study shows that all variables are statistically significant in model (1).