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The Orlando metropolitan area continues to be a magnet for renters, drawn not just by its world-famous attractions, but also its burgeoning job market, and year-round sunny weather. As the region experiences steady population growth, the demand for quality rental housing has surged, prompting developers to respond with a wave of new apartment construction across the metro area.
In fact, the metro ranks 14th nationwide with more than 10,700 units estimated to open by the end of the year. So, if you’re considering a move to Orlando or its suburbs, 2024 promises to be an exciting year with thousands of new apartments to choose from.
Let’s zoom in and explore the top three cities leading in apartment construction in Orlando and what they offer to potential renters.
1. Orlando
As expected, Orlando, the core of the metropolitan area, is set to dominate apartment construction in 2024. With an estimated 3,500 new apartments on track to open before the end of the year, the city continues to expand its rental inventory at an impressive rate.
If you’re out of state and don’t know much about the city, remember that the lifestyle here combines urban excitement with Florida charm. From the bustling downtown area to the numerous lakes and parks scattered throughout the city, there’s something for everyone. The city’s diverse neighborhoods cater to various preferences, whether you’re looking for a high-rise apartment with skyline views or a cozy unit in a quieter, tree-lined district.
The surge in apartment construction in Orlando reflects the city’s ongoing appeal to young professionals, families, and retirees alike. With new developments often featuring modern amenities like resort-style pools, state-of-the-art fitness centers, and communal spaces, renters can expect a high standard of living in these fresh additions to the Orlando landscape.
2. Kissimmee
Coming in second for apartment construction in the Orlando metro area is Kissimmee, with an anticipated 2,700 new units to be delivered by the end of December. This significant number of new apartments signals Kissimmee’s growing appeal as a more affordable alternative to Orlando proper.
Renting in Kissimmee offers a unique blend of suburban comfort and proximity to world-class attractions. Known for its promixity to major theme parks, the city provides renters with easy access to entertainment while maintaining a more relaxed, family-friendly atmosphere. The new apartment constructions are likely to attract those who work in the tourism industry or commute to Orlando but prefer a slightly quieter lifestyle.
With its growing job market, particularly in the hospitality and service sectors, Kissimmee is an increasingly popular choice for renters. The city’s new apartments will likely feature modern amenities while capitalizing on the city’s natural beauty, offering renters the best of both worlds.
3. Winter Garden
Rounding out the top three cities for apartment construction in the Orlando metro area is Winter Garden, with close to 1,200 new apartments estimated for completion by year-end. This charming city, located west of Orlando, is seeing significant popularity growth among renters.
Renters in Winter Garden enjoy a more relaxed, small-town Florida lifestyle compared to Orlando, but with no shortage of amenities and activities. The city is known for its historic downtown area, weekly farmers market, and the West Orange Trail for outdoor enthusiasts. It’s perfect for those seeking a balance between quaint living and modern conveniences. Winter Garden attracts a diverse range of renters, from young families to professionals looking for a quieter alternative to city life while still being close to all the opportunities and attractions Orlando has to offer.
The apartment construction boom in the Orlando metro area is set to provide renters with more options as we’re nearing the end of 2024. Whether you’re drawn to the excitement of Orlando, the adventure-centric location of Kissimmee, or the small-town charm of Winter Garden, the influx of new apartments means you’re more likely to find your perfect home in this thriving metropolitan area.
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Alexandra Both is a senior real estate writer and research analyst with RentCafe. She brings over almost 10 years of real estate writing experience, having served as a senior editor at Commercial Property Executive and Multi-Housing News. A seasoned journalist, Alexandra has worked across print, online, and broadcast media. Her work has been featured in a variety of prominent outlets, including The New York Times, The Guardian, USA Today, and Architectural Digest. She holds a B.A. in Journalism and an M.A. in Community Development.
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