10 Metros Where Retiree Renters Are Flocking

More Americans are renting in retirement than ever before. Between 2013 and 2023, the number of renters ages 65 and over increased by 2.4 million — the largest growth of any age group, according to U.S. Census Bureau data.

There are a number of reasons retirees may choose to rent, including downsizing, higher mortgage costs and relocating to be closer to family. Whatever the case may be, it seems like this is a trend that will continue to grow.

As for where retirees are renting, there are a few cities that have seen a major influx over the last 10 years of Americans ages 65 and older who are renters, according to a Point2Homes analysis.

Based on the analysis of the 75 biggest metro areas, these are the 10 where the population of 65+ renters has increased the most over the past decade.

Also see why you should rent when you retire.

• % change in renters ages 65+ (2013-23): 88.7%

• % change in renters ages 65+ (2013-23): 83.7%

• % change in renters ages 65+ (2013-23): 81.1%

• % change in renters ages 65+ (2013-23): 69.7%

• % change in renters ages 65+ (2013-23): 66.5%

• % change in renters ages 65+ (2013-23): 63.5%

• % change in renters ages 65+ (2013-23): 60.4%

• % change in renters ages 65+ (2013-23): 60.3%

• % change in renters ages 65+ (2013-23): 54.1%

• % change in renters ages 65+ (2013-23): 53.5%

Editor’s note: Data was sourced from Point2Homes.