- Raleigh, North Carolina, was the most renter-friendly among 98 cities analyzed by ApartmentAdvisor.
- The ranking factors included rental vacancy and unemployment rates, among others.
- Cedar Rapids, Iowa, had the lowest median one-bedroom monthly rent among the top seven.
Amid peak rental season, some cities are better suited than others for renters thinking about their next move.
Raleigh, North Carolina, took the top spot on ApartmentAdvisor‘s list of the “The Most Renter-Friendly U.S. Cities in 2024.” The analysis focused on around 100 major US cities with available data.
It took into account different measures and factors to ultimately create a “Renter Friendliness Score” for each city that was then used to develop the ranking. “We pretty much knew from other studies we’ve done that rent prices alone wouldn’t be the only factor that would make a city renter-friendly,” Lilly Milman, editor at ApartmentAdvisor, told Business Insider.
The friendliness score was largely based on the Renting Quality Score, which included several different factors, such as rental vacancy rate and state landlord-tenant laws.
An Economic Score, which included median year-over-year rent growth, unemployment rate, and an index about the “rent burden for a hypothetical individual renting a one-bedroom apartment in the city,” was also used to figure out which places are the most renter-friendly. A Desirability Score, which includes things like walkability and number per capita of restaurants, shopping locations, and other city features, also contributed to the overall score.
While Raleigh at No. 1 and Huntsville, Alabama, at No. 2 had pretty low desirability scores, Milman pointed out price decreases, new construction, and availability for places as some of the highlights of these two US locations.
Milman advised people considering relocating or renting somewhere new “to really know your market before you move there.”
Below are the 7 most renter-friendly cities among the US locations part of the analysis.