Morguard.

Chicago tops US rental competition amid apartment shortage

U.S. rental markets are diverging: Chicago faces intense competition as apartment supply tightens, while Denver is absorbing a recent construction boom but developers warn high costs could constrain future building and renew shortages. In the Toronto area, a large purpose-built rental project is nearing completion, and a separate Realtor.com report found renting still costs less than buying starter homes across the largest U.S. metros, though the gap is narrowing in some markets.