What do Renters Really Want? Real Property Management Says Millennial Renters Want Great Locations, Updates, And Reasonable Prices

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Hottest Rental Markets in the US CROP

High rates of student loan debt, increasing interest rates, and a still slow job market in most of America will send rental rates among Millennials sky high, resulting in 46.8 million American renters in 2015. That’s according to Real Property Management, who sent us this interesting infographic on the tastes and mindset of Millennial renters.

As the graphic points out, Dallas is bringing up the tail end of the top-5 rental markets in the U.S., with Texas cities carving out spots at No. 2 and No. 3 as well. Leading in proportions of renters is Las Vegas, with San Antonio trailing, then Austin, then Chicago, and finally Dallas.

“As more competition emerges in the rental market, it’s important as a property manager to keep properties as up-to-date and attractive to renters as possible to stay ahead and obtain competitive rental rates,” said Real Property Management’s Rachel Wachenstein.

Jump for the full infographic:

Hottest Rental Markets in the US

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Joanna England

If Executive Editor Joanna England could house hunt forever, she absolutely would. Instead she covers the North Texas housing market and the economy for CandysDirt.com. While she started out with the Real Estate Center at Texas A&M University, Joanna's work has appeared in The Dallas Morning News as well as several local media outlets. When she's not knitting or hooping, or enjoying White Rock Lake, she's behind the lens of her camera. She lives in East Dallas with her husband, son, and their furry and feathered menagerie.

Reader Interactions


  1. Carol B says

    This is so true about the millenials. I recently “tried” to help my 32 year old son find a 1 bedroom apartment in the Northeast Dallas/White Rock/Lakewood area and I can’t believe how picky he was!!! Sadly, his taste and pocketbook don’t match. He was recently forced into a career change and took a substantial paycut. It’s almost impossible to find a decent, “up to his standards” apartment in the area for under $1000 a month. Poor guy….I have no idea what he is going to do. Great tenant, not a party animal (anymore) and needs a really great place to live by all his favorite restaurants, shopping and of course, the golf course.

  2. Barrett says

    Thanks for the post. As an apartment owner I take this one to heart. We enjoy taking older properties and bringing them back to life. Our potential tenants are definitely picky but respond very well to great bathrooms/kitchens, new wood flooring, new appliances, good closet space, and some outdoor space. A huge unit is not necessary but an efficient use of space is a must. Our newest project can be seen at http://www.8180lemmon.com

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