The trend of renting single-family luxury homes is on the rise, with new construction homes tailored specifically for rental purposes popping up across the country. In 2023 alone, a whopping 27,500 houses for rent were completed, marking a 75% increase from the previous year, according to RentCafe. These high-end rental properties are perfect for those who desire the finer things in life without the commitment of buying a home and dealing with the associated costs.
Some of the cities with the highest percentage of luxury single-family rental homes are concentrated in California, a state known for its opulent living spaces. However, other states in the U.S. also boast these upscale rental options. Let's take a closer look at some of the top cities where luxury single-family rental homes are in high demand:
1. **Irvine, California**: Known for its luxurious living and high-end amenities.
2. **Los Angeles**: A city synonymous with luxury living and glamour.
3. **Boston**: Offering a mix of history and modern luxury in its rental homes.
4. **San Diego**: A coastal paradise with upscale rental options.
5. **Anaheim, California**: Home to upscale rental properties with all the bells and whistles.
6. **San Francisco**: A city known for its high-end real estate and luxury rentals.
7. **Honolulu**: Luxury living in a tropical paradise.
8. **Scottsdale, Arizona**: A desert oasis with upscale rental properties.
9. **Miami**: A vibrant city with plenty of luxury rental options.
10. **Arlington, Virginia**: Offering luxury living near the nation's capital.
These cities are just a few examples of places where renters can experience the high life in luxury single-family homes. With the demand for these upscale rental properties on the rise, it's no wonder that more and more new construction homes are being built to cater to those looking for a taste of luxury living without the commitment of homeownership.