Special Report

The Best Cities to Rent New Apartments

Methodology

To compile a list of the top 30 cities to find a new apartment for rent, 24/7 Tempo reviewed a report by the apartment rental site RentCafe. Using data sourced in turn from the commercial real estate data and research company Yardi Matrix, RentCafe analyzed large-scale multifamily apartment communities of 50 units or more across 178 cities in the U.S. It created an index of four measures — increase in new apartments (worth 30% of the total score), share of new apartments in top locations (20%) occupancy (30%), and average size of new apartments (20%). A higher occupancy rate will move a city towards the top of the best cities to rent a new apartment, confirming how desirable apartments in that city are. “New apartments” refers to apartments built between 2012 and 2021. Occupancy in new apartments is as of April 2022. The increase in new apartments represents the percentage change in apartments between 2012 and 2021. Single-family properties were not included.

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