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Trends in Apartment Renting

Apartment renting trendsThe American dream is getting an apartment-centric makeover.

RENTCafe experts analyzed a mountain of data pertaining to apartment renting, and it confirmed a trend already evident around the nation.  Americans are starting new households, downsizing from large homes, and increasingly interested in living a simpler, apartment focused life. But they don’t necessarily want it to be quiet and boring. The new hot place to live?

Apartments in the city. 

The desire to flee the suburbs spans generations, from Baby Boomers to their children. Each group is motivated by different factors. Anticipating retirement, Baby Boomers want to be close to fun things to do and skip out on the burdens of expensive home maintenance. Echo Boomers aren’t having children, and want a green, carless lifestyle. They don’t mind living in a small apartment if it means having the convenience of public transit and being close to their job and friends.

Check out our infographic to see the data driven details about how these trends are affecting apartment markets around the nation and the apartment renting population. Renters are changing America!

Trends in Apartment Renting Infographic

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8 comments on “Trends in Apartment Renting

  1. Charlie Grant on said:

    I find this really interesting because to me it indicates that we are moving toward a European style housing model. Apartment focused, transit dependent, carless, fewer large families, neighborhood walkability based. My question is: what happens to the suburbs when so many people prefer to live in the city?

    • Jessica K. on said:

      I love my car, but right now we’re getting gauged at the pump in Cali. I would love to have better transit options and I hope we do move toward the European urban center model. I think it would help us get away from the vanilla, box store model we’ve moved to. Give me a great cafe within walking distance and an easy way to get to work and I’ll gladly ditch my car.

      • Eiskaffe on said:

        Amen to that! I’ve got no permanent attachment to my car. I’ll gladly take a transit-friendly model for a city any day and I’m sure the planet would, too. It’s a mystery that America is so late in changing the way that we do things. Later is better than never, though.

  2. It’s cool to see that I’m not the only one who thinks this way. I’ve foregone buying a house because the only place I can afford one is outside the city, but I don’t want to live there! I have a lot of like-minded friends, but I think the end goal for most of us is still to become a home owner…

  3. Elizabeth on said:

    Cool info-graphic. Sure beats having to read and entire article. Pictures always help

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  6. This website was… how do I say it? Relevant!! Finally I’ve found something that help me understand why the market sucks so bad. Appreciate it!

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