Hottest Rental Markets in the Midwest

Author: Alecia Pirulis

Image of the Kansas City skyline at twilight.

By the Schottenstein Real Estate Group, the owner and operator of Grand at Florence in Kentucky.

Apartment living has made affordable living in big cities much more feasible for much of the U.S. population. Monthly rentals make it easier for students and young professionals to pick up and head to a new city if they’re looking for a change in scenery; for this reason, America’s Midwestern cities are getting increased attention.

Young people aren’t just looking to live in large, populated metros anymore. As people explore more of the U.S. rental markets, Midwestern cities are catching the curiosity of renters. Here’s a list of rental markets in the Midwest to think about during your apartment search on Apartment Finder:

Columbus

The home of the Buckeyes is one of the fastest growing cities in the U.S. today. The Metro Columbus area is booming at 2 million residents, and businesses are welcoming the growth. Companies from national corporations (think L Brands) to ambitious start-ups choose to set up shop in Columbus because of the city’s diverse representation of the United States population.

The influx of businesses and young professionals means that Columbus is full of trendy restaurants, a robust art scene and of course, great nightlife.

Indianapolis

According to Forbes, Indianapolis has a diversified economy with major contributions from education, health care and finance. Forbes also named Fishers as one of the best neighborhoods for millennials in the United States.

For millennials looking to enter the work force, Indianapolis is a great place to find a wide array of jobs across numerous industries. If you are a sports fan, the downtown area offers a state of the art arena for the Indiana Pacers and a fantastic football stadium – which hosted a Super Bowl – for the Indianapolis Colts. The downtown’s main nightlife is located on Meridian Street and Massachusetts Avenue, between Monument Circle and Lucas Oil Stadium.

The Circle City got national publicity when the Huffington Post named it one of “America’s Most Underrated Cities for Millennials.”

Kansas City

Kansas City is known for its amazing barbeque, and now as a major hot spot for millennials.

Gen Y loves a city with a high walkability score and KC offers just that. Downtown warehouse districts have become walkable, active neighborhoods. The Power & Light District entertainment area is very popular amongst millennials, which features clubs, restaurants and — possibly the holy grail of all downtown additions — a full-service grocery store.

The pricing to live in Kansas City is very affordable as well, according to the Huffington Post. It is one of the least expensive cities in the country.

When the New York Times headlines an article with, “Millennials Going to Kansas City, to Live and Work,you know this is an ideal destination for the younger generation.

Des Moines

With more and more diverse employment opportunities growing in Des Moines, the city is experiencing massive population growth, too. Part of this reason is the rural-to-urban shift in Iowa’s population, as more jobs are created and made available in the city area. Des Moines also has a large college presence, which encourages affordable entertainment for all residents.

The Des Moines art community is a dedicated force of local culture, revitalizing the city.

Cleveland

After LeBron James came back to Cleveland, it seemed the Rock and Roll Capital of the World received a massive PR boost. Cleveland is now a great city for millennials.

The Gateway district is home to Quicken Loans Arena, Progressive Field, East 4th Street, five hotels, unique retail arcades and over 60 restaurants and bars. This is one of the most visited neighborhoods in downtown Cleveland.

Developers are saying that this is the summer The Flats in downtown Cleveland will make a comeback. This used to be a popular nightlife area in downtown that has been completely revitalized. There are also trendy areas to eat, work and play in the Tremont area.