Modern urban business buildings and empty floors representing apartment construction in progress.

New apartment construction drops 27% in 2026, but the Northeast defies the trend

Apartment construction across the U.S. is dropping sharply in 2026. An estimated 442,395 new apartments are expected to open this year — a 27% decline from last year’s 605,768 and the first time in four years that new rentals have…

Waterfront homes with green roofs and palm trees line a calm channel in Lake Havasu City, AZ, a growing destination for millionaire renters, with boats docked in the foreground and mountains in the distance.

Millionaire renters more than triple in 5 years, nearly half are Millennials

The number of millionaire renter households in the U.S. grew 229% between 2020 and 2024, more than tripling in just five years. While…

Aerial view of Minneapolis, Minnesota during summer featured in the renter engagement tracker.

Mid-year Renter Engagement Tracker: Miami jumps 130 spots as Minneapolis holds #1

The first half of 2026 brings notable shifts in where renters are searching for apartments. Miami makes the biggest jump in the ranking,…

An aerial view of the skyline in downtown Chicago, the No. 1 hottest rental market during peak season 2026.

Move over, Miami: Chicago is America’s hottest rental market this peak season

After years of watching the coasts and the Sun Belt set the tone, the center of the rental map has moved to the…

Sign up for The Ready Renter newsletter

Something went wrong. Please check your entries and try again.
Mask group (1)
Group 50289
Mask group (2)
Group 50288

Latest Posts

A stunning view of downtown Chicago at sunset, showcasing the iconic cityscape with modern skyscrapers reflecting in the waters of the Chicago River.

What are some budget-friendly neighborhoods for Chicago renters?

Chicago has world-class museums, a huge food scene and plenty of jobs. It also has big-city prices. As of October 2026, the average…

Aerial side by side view of Austin, Texas and Tulsa, Oklahoma with downtown skylines

Austin vs. Tulsa cost of living comparison: Which city fits your renter budget?

Tulsa, OK, is the more affordable city for renters looking for apartments. As of late October 2026, the average rent in Tulsa is…

Apartments in Fort Worth, TX, close to downtown, shown in an aerial view of the skyline, the Trinity River and an arched bridge.

5 essential questions to ask before renting an apartment in Fort Worth, TX

Fort Worth, TX, pairs a growing job market and a respected museum district with Western heritage and an easygoing pace, which makes it…

Aerial view of downtown, a hub for public transit in Cleveland, with Cuyahoga River bridges and Lake Erie in view.

What are the best public transit options for renters in Cleveland, OH?

Public transit in Cleveland, OH, is run by the Greater Cleveland Regional Transit Authority (RTA). This agency operates the Red, Blue and Green rail lines…

Read the full article

Neighborhood Guides

View of San Diego marina and skyline through palm leaves, highlighting the city’s appeal for renters seeking affordable neighborhoods.

Budget-Friendly Renting in SoCal: 5 Affordable Neighborhoods to Consider in San Diego

San Diego has long been one of Southern California’s most desirable places to live. Its beautiful beaches, sunny skies and relaxed coastal lifestyle…

Boats navigating through Fort Lauderdale's waterways during Labor Day Weekend traffic, set against the backdrop of one of South Florida’s coastal cities known for offering some of the best affordable neighborhoods for waterfront living and lifestyle convenience.

Looking to Rent in Fort Lauderdale, FL? Check Out These Affordable Neighborhoods

Looking to rent in sunny Fort Lauderdale, FL, without draining your bank account? You’re not alone. But, although the city is known for…

Beautiful aerial view of Tampa suburbs showcasing premium residential areas in Florida, USA — an ideal destination featuring some of the best affordable neighborhoods for families and individuals seeking both comfort and value in real estate.

5 Best Affordable Neighborhoods for Renters in Tampa, FL

If you’re considering a move to Tampa, FL, you’re not alone. This lively city has become one of Florida’s top destinations for renters…

A view of Hartford, CT skyline and neighborhoods—ideal for renters seeking the best affordable neighborhoods in the city.

Affordable Neighborhoods in Hartford, CT: 3 Great Picks for Renters on a Budget

Thinking about moving to Hartford, CT? Good news! This city has a lot to offer, especially if you’re looking for rental apartments in…

The skyline of downtown Houston, Texas, with trees and green spaces in front to illustrate the most affordable neighborhoods for renters.

What Are the Best Affordable Neighborhoods for Renters in Houston?

When it comes to renting in Houston, there’s a neighborhood for everyone, whether you’re after a trendy area close to work or prefer…

The skyline of Jersey City, NJ, where renters can find affordable neighborhoods.

Looking for Budget-Friendly Neighborhoods in Jersey City, NJ? Here Are 5 Options

Finding affordable neighborhoods that offer a great living experience can be a challenge if you’re renting in Jersey City, NJ. In fact, North…

Popular Articles

average utilities costs by state

What are apartment utilities & how much will they cost me?

This article was updated in September 2026. What is the average electric bill?Tips for saving money on your electricity billWhat is the average…

Application Process Couple Moving Couch

A step-by-step guide through the rental application process

You did it! You’ve looked at countless apartments online, scheduled walkthroughs all around the city, and finally found your dream apartment. What’s the…

View of Indianapolis, IN, used to compare 2020 affordable rentals to current average rent in 2025.

Mission impossible revisited: What $500 rent got you in 2025 vs. 2020

Renting in some of the nation’s most sought-after cities often means paying top dollar. But if you’re not set on relocating to pricey…

change of address form

Moving soon? Here’s what you need to know about changing your address

Are you heading to a new apartment? If so, we know that moving out of one apartment and into a new one can…

prorated-rent-featured

The nitty-gritty of paying the fair amount: Prorated rent explained

After spending days, weeks, or even months looking, you’ve finally found a rental apartment or house that fits your needs and budget. But…

A young person hugging a large dog on a sunny afternoon.

Breed restrictions: What to know when renting with pets

Pets are family, and your four-legged buddies are a big factor in major decisions, including renting an apartment. The entire process of searching…