Today’s renters are looking for more than just a place to live. Amenities play a major role in where tenants choose to rent and how much they are willing to pay. For property owners, understanding what renters value most can help reduce vacancies, increase retention, and justify higher rental prices.
This guide explores the top amenities renters want today and how they impact rent pricing and demand.
Why Amenities Matter
Amenities influence:
How quickly a property rents
The quality of tenants attracted
Tenant satisfaction and retention
Rental pricing potential
Properties with in-demand features often outperform similar rentals without them.
1. In-Unit Laundry
In-unit washers and dryers remain one of the most requested amenities.
Benefits include:
Increased tenant convenience
Higher perceived value
Reduced turnover
Properties with in-unit laundry often command higher rents and lease faster.
2. High-Speed Internet Access
Reliable internet is no longer optional.
Tenants prioritize:
High-speed or fiber availability
Work-from-home readiness
Strong connectivity throughout the unit
Properties that support remote work appeal to a wider tenant pool.
3. Updated Kitchens and Appliances
Modern kitchens continue to drive rental demand.
Features renters value include:
Updated appliances
Modern finishes
Functional layouts
Even minor upgrades can significantly increase perceived value.
4. Climate Control and Energy Efficiency
Comfort and efficiency matter.
Popular features include:
Central air or efficient heating
Smart thermostats
Energy-efficient windows and appliances
Energy efficiency can reduce utility costs and increase tenant satisfaction.
5. Storage Space
Adequate storage improves livability.
Renters appreciate:
Closets and pantry space
Basement or exterior storage
Organized layouts
Storage is especially important in smaller units.
6. Parking Availability
Parking remains a major deciding factor in many markets.
Valued options include:
Dedicated off-street parking
Garages
Secure parking areas
Properties with reliable parking often rent faster and retain tenants longer.
7. Pet-Friendly Features
As pet ownership continues to rise, pet-friendly amenities are in demand.
Examples include:
Pet-friendly policies
Nearby green space
Durable flooring
Pet-friendly properties often attract long-term tenants and increased demand.
How Amenities Affect Rent Pricing
Properties with desirable amenities can:
Justify higher rents
Reduce vacancy periods
Improve tenant retention
Increase long-term property value
Strategic upgrades often deliver strong returns without major renovations.
How Ivy Property Management Helps Owners Stay Competitive
At Ivy Property Management, we help owners identify high-impact amenities that align with market demand and budget. Our goal is to position properties competitively while maximizing rental income.
Want to Make Your Property More Competitive?
If you’re considering upgrades or want to better understand what renters are looking for, Ivy Property Management can help.
Contact us today to schedule a consultation or request a rental analysis.
