Elevated home prices and an ongoing inventory shortage have caused many households to rent instead of purchasing a home. With this in mind, apartment tracking platform RentCafe rounded up the most popular renter markets in the first half of 2024. In general, the list shows a trend toward more affordable cities, with Minneapolis in the top spot, followed by Overland Park, Kan.
At the same time, the West leads as the most popular region for renters seeking options that match their needs and lifestyles. Specifically, the West boasts 10 entries in the top 30 most-coveted cities for renters. Namely, cities like Tacoma, WA (#7); North Las Vegas, NV (#14); Sacramento, CA (#16); Peoria, AZ (#19); and Denver (#26) have maintained their increased renter appeal throughout the first half of the year.
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