Market Insights Archives - RentCafe rental blog

How Much Apartment Space Does $1,500 Get You in 200 U.S. Cities?

Alexandra Both — Tue, 23 Jul 2024 07:00:36 +0000

Renters looking for a spacious apartment on a budget in a big city should immediately head to the South. That’s because more than half of the top 20 large cities offering the most apartment space for a monthly rent of $1,500 are in the Southeast and Southwest. The remaining are all in the Midwest —…

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Mid-Year Rental Activity Report: Minneapolis Is Top City in 1st Half of 2024, West Most Desirable Region for Renting

Veronica Grecu — Mon, 15 Jul 2024 07:15:18 +0000

Key Takeaways: Our mid-year review reveals a growing trend of renters adopting a meticulous approach to their apartment search by thoroughly exploring multiple options before making a decision. Minneapolis maintains its dominance as the most sought-after city in the first half of the year, claiming the top spot for five out of six months. Atlanta…

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2024 Mid-Year Review: Top Rental Market Findings by RentCafe.com

Veronica Grecu — Mon, 15 Jul 2024 07:01:24 +0000

The first half of 2024 revealed intriguing trends and shifts in the rental market. To keep you informed, RentCafe.com has compiled the top must-read reports of the year so far. Packed with exclusive data, engaging visuals, and expert analysis, these reports offer a comprehensive look at the forces shaping the market as it continues to…

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Best Cities for Renters to Live in 2024: Charleston Tops the Charts for Second Year in a Row

Adina Dragos — Mon, 08 Jul 2024 07:00:40 +0000

Key Takeaways Charleston, SC, is this year’s best city to rent in for the second year in a row, followed by Atlanta in second place and Sarasota, FL, in third place. San Marcos, TX, ranks best for cost of living and housing; Miami leads in local economy; and Washington, D.C., has the best quality of…

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Chicago, Silicon Valley Challenge Miami as Hottest Rental Markets

Veronica Grecu — Tue, 18 Jun 2024 07:05:10 +0000

Key takeaways: The national competitivity score stands at 73.4 out of 100 at the start of the moving season, with nearly two-thirds of U.S. renters renewing their leases. Miami retains its position as the nation’s most competitive rental market, further strengthening Florida’s appeal among apartment hunters. Suburban Chicago has risen to become the second-most competitive…

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Rental Activity Report: Minneapolis Makes Swift Return to Top Spot, South Prevails in Top 30

Alexandra Both — Fri, 14 Jun 2024 07:00:05 +0000

Minneapolis returns as the most in-demand city for renters — its fourth time taking the lead in 2024. The South is renters’ preferred region this month with 11 cities in the top 30 most active rental markets at the start of the moving season. Chicago ranked among the top 10 cities for the first time,…

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National Apartment Size Rebounds as More 2- & 3-Bedroom Rentals Are Built

Alexandra Both — Thu, 13 Jun 2024 07:00:32 +0000

The average U.S. apartment size increased by 27 square feet from the previous year, reaching 916 square feet. More two- and three-bedroom apartments opened their doors, which drove up the nation’s average apartment size. Florida’s Jacksonville and Orlando were among the top cities with the largest sizes of new apartments, while Seattle led the locations…

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Rental Activity Report: Overland Park, KS, Boldly Edges Out Minneapolis for Top Spot After Stunning Climb

Adina Dragos — Fri, 17 May 2024 07:00:26 +0000

Overland Park, KS, dethrones Minneapolis as most sought-after spot by renters in April. West & South finish neck and neck for the title of renters’ favored region. Baton Rouge, LA, makes incredible debut into top 30 thanks to 62-spot leap. As the rental season is picking up, apartment hunters remain actively engaged in their search…

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Adaptive Reuse Surges Again With 151K Upcoming Units; Hotel Conversions Overtake Offices in 2023

Veronica Grecu — Tue, 07 May 2024 07:05:59 +0000

Adaptive reuse projects are on the rise again with 17.6% more apartments converted from outdated buildings in 2023 compared to the year prior. While office conversions remain popular, 2023 saw a shift towards repurposed hotels, particularly in Manhattan, which now dominates the adaptive reuse landscape. A growing Atlanta suburb leads in office conversions, closely followed…

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Gen Z by Age 30: Renting Becomes the Go-To Housing Option With a Total Cost of $145,000

Alexandra Both — Fri, 03 May 2024 07:00:46 +0000

Generation Z is emerging as the most diverse and potentially the best-educated group in American history, setting them up to possibly become the highest earners yet. But, the question arises: How does Gen Z manage when it comes to affording rent or buying a home as they approach their 30s, especially compared to their predecessors,…

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