Cincinnati jumped to the top of the apartment hot list in the third quarter of this year.
According to the report, most people searching for apartments in Cincinnati were coming from nearby Columbus, Ohio, as well as from Indianapolis and Chicago.
Rent Cafe lists the average rental for apartments overall in Cincinnati at $1,451. Studios typically rent for $1,099, offering about 475 square feet, while the average monthly cost for a one-bedroom is $1,269 with 695 square feet. Two and three bedrooms can range from $1,500 to over $1,800 a month, with spaces ranging from nearly 1,000 to more than 1,300 square feet.
Atlanta ranked second, garnering interest from potential renters from New York City as well as other Georgia locations in Sandy Springs and Marietta.
Overall, the average apartment rent is $1,779 per month—well below the average of $5,632 in New York City’s Manhattan borough.
With an average rent of $1,304 for all apartment types, Kansas City, Missouri, ranked third on the list. Renters can scoop up a 729-square-foot, one-bedroom apartment for an average of $1,200 a month, and spend less than $2,000 monthly for a three-bedroom apartment with more than 1,400 square feet.
“Kansas City remains one of the Midwest’s most desirable and active rental hubs,” the report states. The area has been attracting potential renters from Chicago, Denver, and Kansas City, Kansas, where the average overall rent is lower, at $1,199.
Washington, D.C., and Las Vegas placed fourth and fifth on the list, with “Sin City” moving up into the top five and becoming the most popular Western city for renter interest. Apartments in Las Vegas list an overall average of $1,453, with studios averaging less than $1,000 a month. Apartments in the nation’s capital skew higher, with an overall average of nearly $2,500.
Long Beach, California, joined the top 10 list for the first time this year, offering apartment seekers a coastal lifestyle and proximity to major job hubs. Other metro areas making the top 10 this quarter include Minneapolis and St. Paul, Minnesota, Philadelphia, and Cleveland.
While St. Louis ranked 27 out of 30, it recorded the biggest jump in apartment search activity, moving 74 spots in the national ranking.
On the opposite end, Orlando, Florida, experienced the largest decline this quarter, falling 13 points to 28. Average overall rents in Orlando are just over $1,800, with studios at $1,435 and one bedrooms at just over $1,600.
Sitting at the bottom of the list at 30, Knoxville, Tennessee, offers overall average rents of $1,737. Rent Cafe notes that rental prices have dropped by nearly 1.5 percent over the past year.
