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Midwest Emerging as Top Region for Renters

Chicago is challenging Miami as the country’s most competitive rental market.

By Kristen Smithberg | March 07, 2025 at 05:35 AM

The Midwest has emerged as the most competitive region for apartment hunters this year, many of whom are exploring new housing options as high home prices and overall living costs remain challenging. Half of the top 20 rental metros and six of the best small rental markets are located in the Midwest, with the suburbs of Chicago challenging Miami’s position as the country’s most competitive rental region, according to RentCafe’s latest analysis.

The marketplace determines the most competitive regions by analyzing metrics such as days of apartment vacancy, occupancy percentage, number of prospective renters and share of new units recently completed. Overall, RentCafe found that the country is experiencing a very competitive rental market for tenants this year.

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