Affluent Millennials are Lifestyle Renting, but is that the best option?

Posted On December 17, 2021

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by Alyssa Jung

Move over “white picket fence”, it’s all about the doorman and a sleek gym for an increasing number of monied millennials—or at least that’s what a new study from real estate site RentCafe implies. It finds that the share of millennials who are lifestyle renters—defined as renters with above-average incomes who are using their bigger budgets to rent in amenity-rich, fancier apartments rather than buy a place—is on the rise.

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