Renters in the U.S. faced a highly competitive market in 2024, with limited options due to high occupancy rates and lease renewals. RentCafe's report ranked the top 10 competitive rental markets, with Miami leading at a score of 91.2, followed by suburban Chicago (88) and Milwaukee (85.7). Other notable markets include Bridgeport/New Haven (83.4), Grand Rapids (83.2), North Jersey (82.6), and Chicago (82.5). The report highlights average vacant days, occupancy rates, prospective renters per unit, lease renewal rates, and new unit shares for each market.
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