The average Americans move about 12 times in their lifetime and it’s a safe bet that a few of those moves involve renting an apartment.
More people are renting than at any point in the past 50 years. According to Forbes, studio apartments and one-bedroom apartments make up more than 50 percent of the apartment rental market due to millennial demand. Millennials are the most likely of all age groups to rent. In 2016, 65 percent of households headed by young adults were renting.
While it may not be the same as homeownership, there are plenty of benefits when it comes to an apartment rental.
- Freedom: When it comes to living in an apartment complex, there’s plenty of freedom to move around if you need to as life unfolds. Need to move for a job? Moving to follow a love interest? Leaving to see the world? It’s a lot easier with apartment rental. D