{"id":117660,"date":"2021-11-12T00:35:05","date_gmt":"2021-11-12T08:35:05","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=117660"},"modified":"2024-09-03T03:29:24","modified_gmt":"2024-09-03T10:29:24","slug":"top-apartment-crazed-neighborhoods","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/top-apartment-crazed-neighborhoods\/","title":{"rendered":"Apartment Construction by Neighborhood: The Nation\u2019s Downtowns See Historic Boom, with DTLA Leading the Way"},"content":{"rendered":"

Highly popular due to their location and vibrant amenities, urban neighborhoods around the country have seen a boom in new apartment construction in the last five years. In fact, the top 20 most active neighborhoods \u2014 led by Downtown Los Angeles \u2014 have delivered a staggering 80,000 brand new rental units.<\/strong><\/p>\n

Apartments continue to pop up across the nation, with about 1.6 million new rentals built in the last five years. And, while our latest apartment report<\/a> showed that California, Texas and New York led in terms of apartment construction, we wanted to take a closer look to find out exactly which neighborhoods were the most apartment-crazed in the country.<\/p>\n

Analyzing apartment construction data for the 50 largest U.S. cities, we uncovered that the 20 most active neighborhoods for new apartments were mostly hyper-urban, centrally located areas, that are highly sought after by Millennial<\/a> and Gen Z renters<\/a>, with Downtown Los Angeles and Midtown Atlanta leading the pack. Despite the fact that downtown areas haven’t always been desirable places to live in, that has certainly changed in the last decade. For example, Downtown San Jose<\/a> exceeded all expectations and built more than half of the city’s total supply of new apartments in the last five years.<\/p>\n

So, without further ado, here are the top 20 U.S. neighborhoods for apartment construction:<\/p>\n