Report: Milwaukee ranks 6th most sought-after renting spot in US in 2022
Posted: Dec 12, 2022 6:23 PM CST
MILWAUKEE (CBS 58) -- A new report shows Milwaukee is the country's sixth most sought-after renting spot of 2022.
With low supply and high demand, Rent Cafe says 96% of all rentals in the city were occupied, leaving 19 prospective renters for each vacant apartment in 2022.
On average, Milwaukee apartments were filled in just 29 days -- that's three days less than the national average.
Milwaukee renters are also more likely to stay put, with a 69% renewal rate, beating the national average of 63%.