Markets

Everything Is Rent

Today’s rental market is just as hot as the housing market was in summer 2020.
By Rachel E. Pelovitz
September 29, 2022
Topics
Markets

RentCafe has ranked the most competitive apartment markets of 2022 so far (per Yardi proprietary data), and it turns out that today’s rental market is just as hot as the housing market was in summer 2020.

As of June, an average of 14 renters compete for an available apartment. Rentals are only vacant for an average of 35 days. Meanwhile, 61.7% of renters renewed their leases in the first part of this year, contributing to a total of 95.5% of rental-property occupancy at the start of rental season.

Read the full report at tinyurl.com/fzh4c2za.

by Rachel E. Pelovitz

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