The interest in renting single-family homes has increased in recent years, so many new construction homes have been built with the purpose of serving as rentals. In 2023, a total of 27,500 houses for rent were completed, representing a 75% year-over-year increase, RentCafe reported.
Some of these new-construction rental homes cater to those with a taste for luxury, allowing their residents to enjoy the high life without a mortgage and other homeowner costs. These high-end single-family homes tend to be clustered in certain major cities — namely in California, but in other states across the U.S. as well.
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Here’s a look at the cities where the highest share of singe-family homes for rent fall into the luxury category, as identified by Point2.
1. Irvine, California
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2. Los Angeles
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3. Boston
4. San Diego
5. Anaheim, California
6. San Francisco
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7. Honolulu
8. Scottsdale, Arizona
9. Miami
10. Arlington, Virginia
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11. Washington, D.C.
12. Chula Vista, California
13. San Jose, California
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14. Seattle
15. Santa Ana, California
16. New York
17. Oakland, California
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18. Dallas
19. Phoenix
20. Riverside, California
Data is sourced from Point2 and is accurate as of June 11, 2024.
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This article originally appeared on GOBankingRates.com: 20 Best Cities To Rent a Luxury Home
