Discover the Top 5 Rental Markets in 2024 and Learn Tips to Reduce Your Rent
Saturday, 27 April 2024, 09:30
Impact of Housing Trends on Rental Market
Housing affordability hits a 40-year low in 2023, pushing many towards renting.
The Hottest Rental Markets in 2024
- Miami-Dade, Florida
- Milwaukee, Wisconsin
- North Jersey, New Jersey
- Suburban Chicago, Illinois
- Grand Rapids, Michigan
Rental Market Dynamics
- Seven applicants for every available apartment nationally.
- 36 days to rent in Miami-Dade compared to national average of 41 days.
Strategies to Lower Rent
- Negotiate a lower rent by offering to sign a longer lease.
- Take advantage of off-peak months for negotiating and lease renewals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.