Special Report

Cities Where New Apartment Construction Is Skyrocketing

Source: roman_slavik / iStock via Getty Images

30. Seattle-Tacoma-Bellevue, WA
> New building permits with 5+ units, 2021: 66.1% of all permits (+6.9 ppts from 2016)
> New building permits with 5+ units, 2016: 59.2% of all permits
> Median rent: $1,730 per month
> Population density, 2021: 683.4 people per square mile
> Total population, 2021: 4.0 million

Source: tristanbnz / iStock via Getty Images

29. Coeur dAlene, ID
> New building permits with 5+ units, 2021: 29.3% of all permits (+8.4 ppts from 2016)
> New building permits with 5+ units, 2016: 20.9% of all permits
> Median rent: $1,176 per month
> Population density, 2021: 145.3 people per square mile
> Total population, 2021: 179,789

Source: Sean Pavone / iStock via Getty Images

28. Huntsville, AL
> New building permits with 5+ units, 2021: 30.9% of all permits (+8.5 ppts from 2016)
> New building permits with 5+ units, 2016: 22.5% of all permits
> Median rent: $974 per month
> Population density, 2021: 369.2 people per square mile
> Total population, 2021: 502,728

Source: benedek / iStock Unreleased via Getty Images

27. Ithaca, NY
> New building permits with 5+ units, 2021: 79.7% of all permits (+9.0 ppts from 2016)
> New building permits with 5+ units, 2016: 70.6% of all permits
> Median rent: $1,272 per month
> Population density, 2021: 221.6 people per square mile
> Total population, 2021: 105,162

Source: Kruck20 / iStock via Getty Images

26. Nashville-Davidson–Murfreesboro–Franklin, TN
> New building permits with 5+ units, 2021: 45.0% of all permits (+9.3 ppts from 2016)
> New building permits with 5+ units, 2016: 35.7% of all permits
> Median rent: $1,260 per month
> Population density, 2021: 353.9 people per square mile
> Total population, 2021: 2.0 million

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.