As home prices remain high nationwide, renting has become the new buying trend for many Americans. As October marks the transition from the peak rental season, RentCafe’s October Rental Activity Report revealed which cities are seeing the most listing activity and attracting the most attention from apartment hunters.
The study found that the historic New York borough of Queens is the most in-demand location for renters in October. Listings in The Big Apple’s largest borough attracted the highest engagement from apartment hunters in October 2023, helping this historic urban hub climb two spots since last month.
The next three positions are occupied by midwestern cities. Kansas’ Overland Park takes second place this month after jumping two spots closer to the top. Followed by Kansas City, MO, which is October’s third most sought-after city by renters. Minneapolis came in at #4, while Atlanta is the highest-ranking Southern city at #5, the same spot as last month.
Top 10 U.S. Cities With the Highest Rental Activity:
Queens, NY
Overland Park, KS
Kansas City, MO
Minneapolis
Atlanta
Bronx, NY
Arlington, VA
Cincinnati
Buffalo, NY
Knoxville, TN
The Midwest dominated October’s top 30 list of cities with the most rental activity, landing 12 entries in RentCafe’s ranking, despite the South’s longer warm-weather rental season. The West comes next with seven cities, followed by the South with six destinations and the Northeast with five entries. Renters are looking for apartments to rent in places that offer a good balance between quality of life, job opportunities, and affordability.
Top 10 Cities for Rental Activity in October by Region:
Overland Park, KS
Kansas City, MO
Minneapolis
Cincinnati
Columbus, OH
Omaha, NE
St. Paul, MN
Cleveland
Madison, WI
Detroit
This helped cities like Knoxville, TN; Chandler, AZ; Columbus, OH; and Peoria, AZ, make remarkable climbs in the rankings, as major urban centers with a wide range of amenities remain appealing to renters. Apartment listings in popular metros like Boston and Detroit also attracted significant traffic this month, helping the cities rank higher and re-enter the top 30 list. Arlington, VA—previously the top city for rental activity during t …
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