Some cities experience high rent popularity

Houston rentals experienced heightened demand.

Many commercial property managers throughout the country have experienced an increase in rental rates throughout much of the country, and a report from Trulia noted the most popular metropolitan statistical areas in the country for renting.

The country as a whole witnessed an increase of nearly 5 percent in rental prices in the past year, but some areas experienced growth rates of nearly 8 percent during that time, the report explained.

There were 15 areas spread across the country that were listed by Trulia as the "most searched-for neighborhoods." The Northeast was represented by Boston, which had its areas of Beacon Hill, Back Bay and the South End as the most popular areas. New York had several areas in both Manhattan and Brooklyn including the Upper East Side and Williamsburg. Philadelphia, Washington, D.C., and Charlotte were also represented on the East Coast.

"In many metros, we're still in a landlord's market where competition among renters is high," said Pierre Calzadilla, manager of apartment industry relations for Trulia. "Across metros, we're seeing spikes in searches for specific neighborhoods where competition can be cutthroat. But no matter how popular the area or the neighborhood, finding the best listings first and being prepared to rent when you do will give you a chance to find an apartment in any situation."

High demand also seen in Western cities

San Antonio, Austin, Dallas and Houston led the way for Texas rentals, the report explained. The West Coast had many representatives from California, including Los Angeles, San Francisco and San Diego – all of which experienced positives from multiple neighborhoods. Las Vegas and Chicago also were included in the top 15 cities for rentals.

Many people have become renters because they haven't had a choice, but also because it has been more of an attractive option than a home purchase at this time, explained Jed Kolko, chief economist for Trulia. Rents increased across the country during the past several months, and many potential renters have run into issues with competition for a smaller number of units.

Despite this, Kolko added that new development is underway in many areas and this could slow rent increases for some property management companies. However, this could also help consumers find exactly what they want instead of settling on a property.

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