Originally published on September 19, 2023 by Veronica Grecu.
Miami was the most competitive rental market during this summer’s peak moving season, but the Midwest was America’s hottest apartment region, with three markets in the top five nationally. That’s largely because the Midwest offers housing options that fit more ranges of budgets, as well as a cost of living that’s lower than on the coasts. Naturally, this makes it a very attractive region to live in for renters seeking a balance between budget and quality of life.
Several major companies have expanded or relocated to the Midwest in recent years — including Amazon, Walmart and Ford Motor Co. — which has given a big boost to the region’s economy, as well as rental competitiveness. As a result, more and more people from states with higher costs of living (such as California, Florida, Texas or North Carolina) are willing to trade sunshine for snowflakes in their pursuit of better housing and job opportunities.