Sacramento Apartment Renters Casting a Wider Net When Looking for Their Next Home

Since the start of the pandemic, renter demand focused on three primary areas: CoStar's Folsom/Orangevale, Roseville/Rocklin and Elk Grove apartment markets. This was still the case as recently as August, when all three locales posted the highest multifamily rent growth in the region, resulting in average rents in excess of $2,000 per month. However, demand patterns appear to have shifted in recent months with tenants expanding their geographic preferences in search of reduced housing costs.