Miami Is America’s Most Competitive Rental Market, Midwest Leads in Affordability

The report analyzed occupancy rates, vacancy duration, and renter competition.
Miami Is America’s Most Competitive Rental Market, Midwest Leads in Affordability
A one-bed, one-bath unit in Miami's Brickell area is listed at $4,600 per month. Courtesy of the Miami MLS
Mary Prenon
Mary Prenon
Freelance Reporter
|Updated:
0:00

While the Midwest was the nation’s most competitive region for apartment hunters this year, Miami was ranked as the most competitive metropolitan area rental market in the United States.

A new report from RentCafe, a national apartment rental database, named Miami “Wall Street South,” bringing in a large number of major banking and investment firms, as well as technology companies. As a result, an influx of new job seekers is joining the multitude of area residents already clamoring for a place to rent.
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.