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Rental Report: DC Tops Rankings as Southern Cities Dominate

DC claimed the #1 spot for rental activity in October, while the South solidified its reputation as the most in-demand region nationwide.
Rental Report: DC Tops Rankings as Southern Cities Dominate
  • Washington, D.C., leads the nation in rental activity, unseating Detroit for the top spot.
  • The South dominates the list, boasting 14 cities in the top 30, with Knoxville, TN, and Arlington, VA, making leaps.
  • Regional trends are shifting, with the Midwest falling to just 9 entries, the West contributing 6, and the Northeast dropping to just 1 city on the list.
Key Takeaways

As the busiest moving season fades into Fall, rental markets across the U.S. are seeing lots of shifts. According to RentCafe, Washington, D.C., rose to the top of the rental rankings for the first time this year, while the South continued its dominance as the most in-demand region for renters.

Top 10 Cities for Rental Activity October 2024

According to RentCafe’s October report, cities like Knoxville, TN, and Arlington, VA, made substantial gains, underscoring shifting trends in where apartment hunters are focusing their searches.

DC Leads The Nation

After steadily climbing all year, Washington, D.C., claimed the top spot for rental activity. Renters are drawn to the city’s strong public transit system, quality of life, and low unemployment rate. 

The capital saw 3% fewer available listings and a 17% drop in online traffic in October, as renters quickly committed to securing apartments.

Southern Charm

The South solidified its appeal, with 14 cities in the top 30. Atlanta (#5 nationally), Fayetteville, NC (#11), and Knoxville, TN (#12) are standout entries. Knoxville surged 37 spots to reenter the rankings for the first time since June, while Arlington, VA, made the most dramatic leap, soaring 128 places to claim #17.

Other notable Southern cities include Hialeah, FL (#16), and Charlotte, NC (#25), which continues to attract renters from larger hubs like New York City and Miami who are looking for affordability.

Midwestern Grit

Despite slipping to just 9 entries in the rankings, the Midwest maintained its strong representation, with Minneapolis (#2 nationally) and Cleveland (#3) leading the region. 

Both cities benefit from affordability and solid economic fundamentals, drawing renters from neighboring markets like Chicago and Columbus.

West Still Winning

Six Western cities made the list, led by Los Angeles (#10 nationally), which climbed two spots. Spokane, WA, made the most notable leap, jumping 41 positions to rank #13 nationally. 

Data shows renters in the West are becoming more decisive, spending less time searching and committing quickly to leases.

Northeast Fades

Philadelphia is now the Northeast’s lone representative in the top 30, ranking #8 nationally. Strong renter demand from local and regional markets like New York City and Boston keeps the city competitive, though limited inventory has led to a slowdown in saved searches.

Top 30 US Cities for Rental Activity in October

Why It Matters

Shifting dynamics in U.S. rental activity reflect broader trends in affordability, economic opportunity, and quality of life. 

Washington, D.C.’s ascent and the South’s dominance highlight how regional advantages and economic growth drive demand. 

As we approach 2025, cities like Arlington, Knoxville, and Spokane are becoming more and more competitive, while traditional powerhouses like Detroit and the Northeast are adjusting to changing renter preferences.

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