4 Types of Rental Properties that Millennials Love

Millennials are often compared to boomers, and in that comparison, they come across as lazy, untitled and incapable of dealing with pressure. However, that is far from the truth, because millennials are anything but: they invented social media technologies we all use and love, so it’s safe to say that they have an entrepreneurial spirit in abundance. 

They also know what they want, and they have issues with tolerating injustice and climate change. But, when it comes to daily life, millennials love their own comfort and safety which is reflected in their rental choices. So, here’s a list of a few popular rental properties that millennials prefer to live in.

Regular apartments are always a logical choice

In today’s climate of overconsumption and debt, finding an apartment isn’t always easy. Therefore, many millennials opt for regular apartments that they might share with a friend or live there alone. The majority of these types of apartment blocks are located in suburbs or near the popular companies that employ millennials, however, it’s essential to point out that these apartments often vary when it comes to size, quality and price, so it’s possible to find something suitable, as long as one has realistic expectations. Aside from that, before renting such an apartment, it’s essential to get all the relevant information, in order to avoid potential misunderstandings in the future.

Luxury apartments are also a thing

Some millennials are quite successful in all of their endeavors, which is why they choose to stay in more lavish apartments. These apartments are mostly found in big cities, and they’re known for their exclusive amenities, high rent prices and are also located near high-paying high-tech or banking jobs. The only downside of these apartments is that they’re not easy to find, especially in cities like New York, Miami, London, Tokyo, and Hong Kong, which isn’t surprising knowing that there are many young and ambitious professionals living in these cities. Even though not a lot of millennials can afford this type of rental, the demand keeps getting higher, which also leads to higher rental prices. 

Small rentals that provide all the security and coziness

Living in a large apartment is practical, but only to a certain degree: in case you have financial difficulties, then you should opt for something smaller, because large apartments mean bigger costs of living, mainly when it comes to energy bills. Choosing a smaller apartment might give you less room to move around, but they can make you feel safe and secure, especially if you live alone. Therefore, choosing to rent a studio apartment can be a wise decision, because you’ll be able to enjoy all the comfort, without worrying about your own safety and finances. There is a certain level of coziness when you know that everything’s within your reach, so if you’re looking for a simple, affordable place to rent, then feel free to consider smaller studio rentals as well.


Single-family rentals are great for those who are starting a family

Even though luxury apartments are big enough to accommodate a family, they’re still too expensive which is why many millennial families opt for single-family rentals, considering that they offer a wide range of amenities a family might need. They’re often located in districts with good schools as that’s what millennial parents are often concerned about the most. Additionally, many of these rentals come with a garden, a yard, and a free parking spot, which is why they’re so popular among young families. Having a private secluded space where a child can play is of utmost significance considering that safety is the biggest concern that plagues millennial parents nowadays. These types of accommodation are also a great way for families to settle down until they find the means to purchase their own homes.


Today’s economy is quite unfavorable to those who wish to buy their first property, which is why millennials opt to rent instead. These types of rental properties are most common among the majority of millennials because they cover everyone’s needs and preferences. When renting a place, it’s essential to look for something suitable, affordable and safe, as that’s the sure way to get an apartment that will be satisfactory on all levels. 

About the author:

Chloe is a graduated journalist from Adelaide and a regular contributor to Smooth Decorator. She loves everything related to decor, aesthetic and lifestyle topics. She is also passionate about photography. Her biggest dream is to travel the whole world and take some stunning photographs of beautiful places. Beside all this, she enjoys drinking coffee and reading a beautiful book from time to time.  

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