How do rental trends vary between urban and rural areas?

Rental trends between urban and rural areas differ significantly due to factors such as population density, amenities, and economic opportunities. In urban areas, rental demand is typically higher, driven by a greater population density, access to job markets, and proximity to schools, shopping, and entertainment. Consequently, rental rates in cities tend to be higher, but so is competition among tenants. On the other hand, rural areas often offer more affordable rental prices, but they might not have the same level of demand or amenities. As remote work continues to rise, rural areas are seeing a surge in interest from renters seeking larger spaces at more affordable prices. This shift is driving increased rental activity in suburban and rural regions, offering investors new opportunities in less saturated markets.