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Build-to-Rent in 2025: The Top 5 Cities Leading the Charge

Arial view of a suburban build to rent housing development

As homeownership becomes increasingly out of reach for many Americans, the build-to-rent (BTR) model is stepping in to meet demand. These purpose-built rental communities offer the privacy of single-family homes with the convenience and flexibility of renting—making them a strategic asset class for developers and operators alike.

Top 5 Cities Powering the BTR Boom in 2025

1. Houston, Texas
  • Houston tops the charts with over 11,000 building permits and 1,300+ newly built rental homes in early 2025.
  • Its relaxed land-use regulations and abundant space make it a magnet for BTR developers.

2. Phoenix, Arizona
  • Phoenix continues its reign with thousands of BTR units under development, following a record-setting 2024.
  • The city’s affordability and rapid population growth fuel demand for rental communities.

3. Dallas–Fort Worth, Texas
  • DFW remains a BTR powerhouse, with strong job growth and suburban expansion driving new developments.
  • Developers are building entire neighborhoods tailored to renters seeking space and amenities.

4. Atlanta, Georgia
  • Atlanta’s metro area is booming with BTR projects, especially in suburban counties like Gwinnett and Cobb.
  • Rising home prices and shifting demographics make rental living a preferred choice.

5. Charlotte, North Carolina
  • Charlotte is climbing fast, with developers targeting commuter-friendly suburbs and climate-smart construction.
  • It's a blend of affordability, sustainability, and demand that makes it a rising star in the BTR space.

Why Build-to-Rent Is Booming
  • Over 100,000 BTR units are currently under development across the U.S., following a 15% year-over-year increase in completions.
  • These communities offer smart home features, private yards, and resort-style amenities—without the burden of ownership.

For multifamily operators, developers, and investors, BTR is a strategic evolution, and I see why. These cities aren’t just building homes; they’re building the future of rental living.

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