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!