Share this article:
The 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!
Share this article:
Amalia Otet
Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.
Sign up for The Ready Renter newsletter
Get our free apartment hunting guide — plus tips, trends, and research.
Related posts
Rent collection: A renter’s guide to how paying rent works
If you’re new to apartment living, you may be wondering what is rent collection and why it seems to work differently depending on where you…
Apartment reviews: When does it make sense to write one?
At some point, most people are asked to write a review for the rental apartment they live in. It might come from a property manager,…
Lease agreement checklist: 5 steps to review before you sign
After weeks of searching, touring, and comparing rental apartments, signing a lease agreement can feel like the finish line. But before you put pen to…
Subscribe to
The Ready Renter newsletter
