Residential Rental Market

The residential rental market is where people lease homes or apartments from property owners for a specific period, usually monthly. It is influenced by factors like supply and demand, economic conditions, and interest rates. When rental demand rises, prices generally increase, and vice versa. Property owners set rental prices based on market trends, property features, and location. The market provides affordable housing options for those not ready to buy or prefer flexibility. Overall, it’s a dynamic environment that balances tenants seeking homes with landlords aiming for fair returns.