According to a new national report, finding an apartment or other rental unit in the Wichita market is not getting any easier. On Monday, apartment search website RentCafe.com released a study that listed the city as having the ninth-hottest small-sized rental market in the U.S. based on competitive score. Wichita’s score of 106 was tied to several metrics, as of the close of 2022’s fourth quarter, including average vacant days (23 in Wichita, according to RentCafe), occupancy (96.5%), prospective renters per vacant unit (seven), lease renewal rate (65.1%) and share of new apartments completed during Q4 2022 (0%).
Source: Wichita Business Journal
