Miami Ranks as 10th Best U.S. City for Renters in 2024

Miami has surged to the 10th spot in RentCafe’s 2024 survey, a notable improvement from last year’s 25th place finish.

Charleston, SC retains the top spot, but Miami’s rise is remarkable. The survey evaluated 149 cities across 20 metrics, grouped into three primary categories: cost of living and housing (50%), local economy (30%), and quality of life (20%).

🌟 Miami Highlights:

• 1st Place for Local Economy: Highest number of new business applications (476) and third-highest income growth for renters (58.3%).

• Quality of Life: Scored a solid 51.

• Housing & Cost of Living: Scored 47.

Miami’s rental market is highly competitive, ranking as the most intense in the U.S., but the city’s vibrant economy and quality of life make it a prime destination for renters.

🏅 Top Cities for Renters:

1. Charleston, SC

2. Atlanta, GA

3. Sarasota, FL

4. McKinney, TX

5. Scottsdale, AZ

🚫 Lowest Ranked:

• Newark, NJ

• Detroit, MI

• Sunnyvale, CA

• Manhattan, NY

• Anaheim, CA

Miami’s impressive rise reflects its thriving economy and appeal as a top rental market.