RENTCafe

New study shows people would rather rent, proven by the rise of the “millionaire renter”

It's been reported that people are being priced out of homeownership, forced to settle for another lease, but that's not the case across the board.…

Use it, don’t lose it! No. 2 in U.S. for office redevelopment is Chicago

Apartment conversions have increased 25% from pre-pandemic numbers, and considering that certain sectors continue to see more activity than others, it just makes sense.

More people are renting than ever. But what Chicago zip codes boast the highest share of renters?

With the cost of building a home at an all-time high, the dream of homeownership is taking a backseat for many people in America. Renting…

Here come the renters: U.S. households living in rental units hits 55-year high in 2021

How strong is the country's multifamily market? A new study by RentCafe found that 43.7 million U.S. households lived in rentals in 2021. That's the…

Sacrificing space: Why are U.S. renters downsizing?

In today's housing market, future homeowners must compromise to save for a down payment. One way to put aside money for a first home? Give…

From desperate times come desperate renters. Especially in Suburban Chicago

Newcomers seeking warm weather and a wave of remote workers has made Suburban Chicago a highly sought-after region by renters this year, fueling fierce competition…

There’s no way but up for the live-work-play movement, especially in Chicago

It’s fair to say COVID-19 has resulted in an army of stir-crazy employees, longing for a change of scenery and a living space that isn’t…

A craze for self storage: New development in Chicago more than triples in 2022

The pandemic heightened demand for self storage as people squeezed gyms, play areas and office space into their homes. Now there’s a second boom as…

Craving more personal space? Illinois is the place to be

Renter’s space has seen a steady decrease throughout the years. Based on the ratio of the average apartment size to the average number of renters…

What does $1,400 a month in rent get you in the Twin Cities? Usually less than 800 square feet

Apartment rents have been rising steadily in the Minneapolis market and throughout the entire state of Minnesota. But a new study by RentCafe shows just…

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