US Real Estate

Report: Tight Rental Market Ahead for Much of US

Miami, Chicago, and New York are among the most competitive rental markets, with more than a dozen people competing for the same unit.
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Report: Tight Rental Market Ahead for Much of US
A "For Rent" sign is displayed outside an apartment building in Los Angeles on Sept. 22, 2022. Allison Dinner/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
|Updated:
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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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Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.