Miami the hottest rental market in early 2025
The quarterly Rental Competitiveness Index (RCI) by RentCafe analyzes the hottest rental markets in the U.S. to find where in the country it is most challenging to find a rental.
The analysis is based on five indicators: lease renewal rates, apartment occupancy, number of renters competing per unit, average vacancy length, and new apartment supply.
According to the report, the national RCI reached 74.6, up from 73.4 in 2024.
Miami, Fla., is the most competitive large market in the country. Apartments here are leased in just 36 days, and each unit now draws an average of 21 apartment seekers. Lease renewals reached 75% at the start of the moving season, tightening supply even further for prospective renters.
About the Author
Quinn Purcell
Quinn Purcell is the Managing Editor for Building Design+Construction. Covering the building industry for over four years, he has contributed to several award-winning industry reports, physical/digital magazines, and online news coverage. Quinn delivers content ranging from multifamily housing, technology, sustainability, and more.
For BD+C, Quinn runs the brand's 40 Under 40 program, covers product updates monthly, manages a blog partnership with over 50 AEC firms, and writes daily analytic-driven content for the website.