available apartments

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As a renter, you want to be able to find the perfect available apartment for your needs – that means the right price, location, and amenities. But that’s easier to find in some places than others.

According to the National Association of Realtors, in the apartment rental market – aka multifamily housing — vacancy rates are likely to stay about the same in the near future, with new construction rising to meet increased demand for rental spaces. The top cities that are considered “renter’s markets” have the highest vacancy rates, leaving many options open to renters.

Top 5 renter’s markets (percentages indicate vacancy rates):

On the other hand, the top cites that are considered “landlord’s markets” have the lowest vacancy rates. Any place with a vacancy rate below 5 percent is more likely to be expensive because high demand justifies higher rent prices.

Top 5 landlord’s markets:

More infographics on the AG Blog:

Top 10 Metros for Great Apartment Kitchen Amenities

Get More Apartment for Less Money in These Top Metros

Relocation Trends: Where’s Your Next Move?

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About The Author

Courtney Craig is an editor and writer for the Apartment Guide Blog. She rented apartments for 12 years in 4 cities before buying her first house in Atlanta. Find Courtney on Google.

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