Where are Apartment Resident Retention Rates Highest and Lowest? via Property Management Insider

Apartment resident retention rates continue to climb across the country. Even with rapidly rising rental rates and record volumes of apartment construction, apartment renters are increasingly choosing to stay put rather than move out.

So, which markets are apartment renters most likely – and least likely – to renew their leases? MPF Research compiled the average renewal conversion rate over the past 12 months (from May 2014 to April 2015) in the nation’s 50 largest metro areas. The results may surprise you – with the top markets tending to be slow-growth metros in the Midwest and Northeast.

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