Although completed multifamily units drove down rent prices for the fifth month in a row, short vacancy times reveal just how high demand is for these units. Here’s what the landscape looks like according to a new report.
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New Builds Offer Renters More Options Amid Competitive Market
Midwest markets were a hot spot for renters seeking more affordability during peak rental season, dominating the top half of the nation's 20 most competitive rental markets. Renters now have more options to choose from, as the national supply of apartments experienced a slight increase compared to the same time last year, according to a new RentCafe study.
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