Finding an apartment has gotten much tougher as many homebuyers continue to sit out a purchase of a single-family home and vie for available apartments.
At the top of the list of 139 markets RentCafe looked at, Florida’s Miami-Dade County took the No. 1 spot of most competitive place to rent during this summer’s peak this year. One reason was its high occupancy rate of 97.1% with 25 renters vying for each vacant unit. The city appeals for its diverse economy and relaxed lifestyle, despite a drop in population for the first time in half a century. Perhaps, the rising costs of living and housing there are pushing some to leave.