No vacancy: Apartment rentals nearly hit all-time high this year

The rental market remains strong

Prime apartment leasing season in 2019 proved to be strong across the country, RealPage reports.

When is prime leasing season? For most renters, especially those in warmer climates, they tend to prefer to move when it is warmer during the second quarter and third quarter. In areas where it’s colder, peaking moving season takes place between April and September.

According to new analysis from RealPage, this year was the second highest apartment leasing season ever, with 281,800 units absorbed (or rented).

The highest leasing season was in 1997 during the tech boom.

Although high rental rates were seen across the nation, it was the Southern markets that saw record-setting seasons.

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