Florida Is The Most Competitive Market For Renters

Florida has taken the top spot as the most sought-after area for renters in 2022, according to new research from RentCafe. RentCafe looked at the 100 largest U.S. markets and analyzed data such as the number of days a rental sat vacant, the percentage of occupied apartments, and how many renters competed for apartments. South and Central Florida ranked highest, followed by mid-sized markets in the Northeast. Miami-Date County is the hottest rental market in the country, with the highest demand for apartments thanks to a huge number of apartment hunters, low inventory, and record-high lease renewal rates. Hot areas like Miami and Orlando are struggling to keep up with an influx of new renters even though they have built…