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Report: Tight Rental Market Ahead for Much of US

By: Mary Prenon

Date:

US Real Estate

Miami, Chicago, and New York are among the most competitive rental markets, with more than a dozen people competing for the same unit.

America’s rental market will continue to be competitive for the third and fourth quarters, scoring an overall Rental Competitiveness Index (RCI) of 74.6 in RentCafe’s Rental Competitiveness Report.

The just-released findings analyzed rental competition during the second quarter, which is typically the peak season for rentals, offering a strategic indicator of the rental market for the remainder of the year.

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