20 Best Cities To Rent a Luxury Home

The interest in renting single-family homes has increased in recent years, so many new construction homes have been built with the purpose of serving as rentals. In 2023, a total of 27,500 houses for rent were completed, representing a 75% year-over-year increase, RentCafe reported.

Some of these new-construction rental homes cater to those with a taste for luxury, allowing their residents to enjoy the high life without a mortgage and other homeowner costs. These high-end single-family homes tend to be clustered in certain major cities — namely in California, but in other states across the U.S. as well.

Here’s a look at the cities where the highest share of singe-family homes for rent fall into the luxury category, as identified by Point2.

• Share of luxury houses for rent: 73.56%

• Share of luxury houses for rent: 58.9%

• Share of luxury houses for rent: 42.69%

• Share of luxury houses for rent: 40.75%

• Share of luxury houses for rent: 40.21%

• Share of luxury houses for rent: 36.92%

• Share of luxury houses for rent: 36.84%

• Share of luxury houses for rent: 34.05%

• Share of luxury houses for rent: 33.43%

• Share of luxury houses for rent: 29.67%

• Share of luxury houses for rent: 29.09%

• Share of luxury houses for rent: 24.1%

• Share of luxury houses for rent: 22.49%

• Share of luxury houses for rent: 20.97%

• Share of luxury houses for rent: 19.61%

• Share of luxury houses for rent: 18.12%

• Share of luxury houses for rent: 16.59%

• Share of luxury houses for rent: 15.71%

• Share of luxury houses for rent: 13.46%

• Share of luxury houses for rent: 12.84%

Data is sourced from Point2 and is accurate as of June 11, 2024.