flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Most popular cities for renters mid-2024

MFPRO+ News

Most popular cities for renters mid-2024

Based on RentCafe research and year-over-year comparisons, these are 10 metros that saw the most increased interest from renters in the first half of 2024.


By Quinn Purcell, Managing Editor | July 24, 2024
Minneapolis Minnesota
Minneapolis, Minn. Photo courtesy Adobe Stock

Rental activity in the U.S. continues to grow halfway through 2024. With the work-from-home boom stabilizing, more renters are eying desirable cities to relocate to.

In its mid-year rental activity report, RentCafe examined the rental activity of 30 cities to determine where renters' interests lie. Several factors were compared year-over-year from early 2023 activity to construct the list.

Top 10 Cities for Rental Activity in the First Half of 2024

RentCafe data analyzed rental activity in the last six months compared to the same period last year (early 2023) to find the most coveted cities for renters. Rankings for each city were determined based on these categories: apartment availability, page views, apartments saved as favorites, and saved personalized searches.

These are ten metropolitan areas poised to become hotspots in the coming months.

Top 10 cities for rental activity in the first half of 2024


1. Minneapolis, Minn.

Minneapolis, Minn., stands as the most desirable city for renters in the first half of 2024. The amount of people searching for apartments in Minneapolis nearly doubled compared to early 2023. Because of the increased interest in the city, available apartments decreased by 21% year-over-year.

2. Overland Park, Kan.

Overland Park, Kan., is the second city in the list for renters. The city had increased saved searches for apartments (31%) and a surge in favorites listings. Overland Park also saw a 129% increase in page views on RentCafe.com compared to the first half of 2023.

3. Atlanta, Ga.

Atlanta, Ga., the third metro on the list, continues to see higher renter interest. Though Atlanta has fewer favorites listings and fewer searches than the previous year, it still remains high on the list, helping to represent the South for rental activity.

4. Cleveland, Ohio

Cleveland, Ohio, much like Columbus and Cincinnati, has seen a surge of new people moving into the city. Cleveland comes fourth in the list, aided by a 52% increase in page views and 13% growth in favorites. However, it has seen a decrease in apartment availability, dropping 26%.

5. Queens, N.Y.

Queens, N.Y., is the fifth most popular city on the list for the first half of 2024. An increase in apartment development projects contribute to the draw for renters. Website traffic for apartment searches increased 138% year-over-year and favorites listings increased 6%.

6. Washington, D.C.

Washington, D.C., is sixth on the list. As one of the top cities for renters this year, Washington, D.C., has seen an increase in traffic (13%) but a decrease in available listings (–9%) the first half of 2024. According to RentCafe, the city's 37% drop in saved apartment searches suggest that apartment seekers are keeping their options open before committing to a lease.

7. Tacoma, Wash.

Tacoma, Wash., is the seventh sought-after city for renters. Website traffic for apartments nearly doubled (89%) from last year, while available listings dropped 13% at the same time.

8. Orlando, Fla.

Orlando, Fla., is the eighth city on the list. Though the popular metro had slightly lower website traffic, saved searches, and favorites then last year, renter interest remained high. Available listings dropped by 18% as well.

9. Philadelphia, Pa.

Philadelphia, Pa., makes the ninth spot on the list for rental demand. It boasts a 76% growth in website traffic with a 16% in available listings. 

10. Richmond, Va.

Richmond, Va., is the tenth most desirable city for renters in the first half of 2024. The amount of people saving and favorites listings dropped 31% and 25% respectively. However, Available listings decreased 14% and website traffic grew 19% compared the early 2023.

Related Stories

MFPRO+ News | Apr 12, 2024

Legal cannabis has cities grappling with odor complaints

Relaxed pot laws have led to a backlash of complaints linked to the odor emitted from smoking and vaping. To date, 24 states have legalized or decriminalized marijuana and several others have made it available for medicinal use.

Multifamily Housing | Apr 12, 2024

Habitat starts leasing Cassidy on Canal, a new luxury rental high-rise in Chicago

New 33-story Class A rental tower, designed by SCB, will offer 343 rental units. 

MFPRO+ News | Apr 12, 2024

Greystar becomes top apartment owner, manager, and developer in 2024

One firm set records for this year’s National Multifamily Housing Council Top 50 roundup of multifamily firms. Greystar now sits at number one in the NMHC’s lists for top apartment owner, manager, and developer in 2024.

Student Housing | Apr 12, 2024

Construction begins on Auburn University’s new first-year residence hall

The new first-year residence hall along Auburn University's Haley Concourse.

MFPRO+ News | Apr 10, 2024

5 key design trends shaping tomorrow’s rental apartments

The multifamily landscape is ever-evolving as changing demographics, health concerns, and work patterns shape what tenants are looking for in their next home.

Architects | Apr 2, 2024

AE Works announces strategic acquisition of WTW Architects

AE Works, an award-winning building design and consulting firm is excited to announce that WTW Architects, a national leader in higher education design, has joined the firm.

Affordable Housing | Apr 1, 2024

Biden Administration considers ways to influence local housing regulations

The Biden Administration is considering how to spur more affordable housing construction with strategies to influence reform of local housing regulations.

Affordable Housing | Apr 1, 2024

Chicago voters nix ‘mansion tax’ to fund efforts to reduce homelessness

Chicago voters in March rejected a proposed “mansion tax” that would have funded efforts to reduce homelessness in the city.

Standards | Apr 1, 2024

New technical bulletin covers window opening control devices

A new technical bulletin clarifies the definition of a window opening control device (WOCD) to promote greater understanding of the role of WOCDs and provide an understanding of a WOCD’s function.

Adaptive Reuse | Mar 30, 2024

Hotel vs. office: Different challenges in commercial to residential conversions

In the midst of a national housing shortage, developers are examining the viability of commercial to residential conversions as a solution to both problems.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021