Industry News

Study names most ‘renter-friendly’ U.S. cities

Mid-sized communities dominate rankings
Published on Sep 22, 2005

An online apartment ratings company today announced the results for a study of the most "renter-friendly" communities in the country. Raleigh, N.C., topped the list, followed by Ann Arbor, Mich.; Fort Wayne, Ind.; Grand Rapids, Mich.; and Kalamazoo, Mich., according to the ApartmentRatings.com study. The Web site provides an independent forum for renters to share their thoughts about their apartments. More than 8 million renters use the site, which has more than 280,000 unique reviews and covers about 50,000 properties across the nation, ApartmentRatings.com reported. The study uses satisfaction information from thousands of renters, combined with information from the U.S. Census Bureau about apartment vacancy rates and affordability. ApartmentRatings.com used the information to create a renter's livability and satisfaction index for 95 U.S. cities. Jeremy Bencken, founder and president of ApartmentRatings.com, said that renting may be more logical than buying a home in some cases...

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