It all comes down to supply and demand. Right now, there may be more interested renters than there are affordable rental units, Simons said. "As households reform, people are moving out of mom's basement or people are downsizing from owning into apartments.

Luxury rental properties have a vast square footage and ample living areas in most cases. They may have a large number of bedrooms, bathrooms, and living areas, providing the residents with ample space in which to relax, host guests, and take pleasure in their own company.

Downtown is a neighborhood in Cleveland, Ohio with a population of 12,201. Downtown is in Cuyahoga County. Living in Downtown offers residents a dense urban feel and most residents rent their homes. In Downtown there are a lot of bars, restaurants, coffee shops, and parks.