The top amenities renters want in 2024: A guide for property managers

In the ever-competitive world of apartment rentals, keeping up with renters expectations is crucial for property owners and managers. As 2024 continues, it's paramount to understand the amenities that renters are seeking and how easily they can be integrated into apartment complexes to attract and retain effectively. Let's dive into some of the top amenities renters desire this year, with a focus on those that can be seamlessly added to apartment complexes.

Smart home technology

Integrating smart home features into an apartment complex is simpler than ever. One example that property managers can install are smart thermostats directly in the apartment. This allows tenants to remotely control the temperature settings, optimizing energy efficiency and comfort. Other technologies include keyless entry systems, and smart locks in individual units or common areas. These upgrades enhance convenience and security for tenants without requiring extensive renovations.

Creating community spaces

In the quest to foster a sense of community within apartment complexes, integrating multifunctional spaces has become a priority for property owners and managers. By repurposing existing areas and embracing innovative solutions, apartment complexes can provide tenants with versatile spaces that promote both physical well-being and professional productivity.

Fitness facilities: Transforming underutilized spaces within apartment complexes into fitness facilities offers tenants convenient access to exercise opportunities without having to leave the premises. Whether it's converting a spare room into a modest gym or dedicating an area for yoga and stretching, providing basic fitness equipment can encourage tenants to prioritize their health and well-being. From cardio machines to free weights, even a small-scale fitness room can cater to diverse fitness preferences, fostering a healthier and more active community environment.

Co-working spaces: With the rise of remote work, the demand for co-working spaces within residential communities has surged. By repurposing community rooms or other communal areas, apartment complexes can create dedicated workspaces equipped with essential amenities such as Wi-Fi connectivity, ergonomic furniture, and quiet corners for focused work. These co-working spaces provide remote workers with a conducive environment to enhance productivity while fostering a sense of camaraderie among tenants. Additionally, hosting networking events or professional development workshops within these spaces can further enrich the community experience and facilitate meaningful connections among residents.

Pet-friendly features

Creating a pet-friendly environment within an apartment complex involves thoughtful planning and the implementation of amenities that cater to both pets and their owners. One way to achieve this is by designating specific areas within the complex for pets to enjoy, such as a pet relief area equipped with waste stations or a fenced-in pet park where dogs can run off-leash. These dedicated spaces not only provide pets with opportunities for exercise and socialization but also promote responsible pet ownership by offering convenient facilities for waste disposal. By incorporating such amenities, property owners can enhance the overall living experience for pet owners while maintaining the appeal of the property for all residents.

Sustainability Initiatives

Apartment complexes can play a significant role in promoting sustainability by adopting a range of eco-friendly initiatives. In addition to implementing energy-efficient lighting, appliances, and water-saving fixtures, property owners can further reduce environmental impact by investing in renewable energy sources such as solar panels. Recycling programs can be introduced to encourage proper waste management practices among residents, with designated recycling bins conveniently placed throughout the complex. By embracing sustainability initiatives, apartment complexes can contribute to a greener future while simultaneously appealing to environmentally-conscious tenants who prioritize eco-friendly living.

Rhino Security Deposit Insurance

Incorporating Rhino Security Deposit Insurance into an apartment complex is a straightforward process. Property owners can partner with Rhino to offer renters  an alternative to traditional security deposits. Eligible renters will have the option to sign up for a security deposit insurance policy to fulfill their security deposit requirement. If they are eligible, renters can choose between monthly/annual premium payments to satisfy their security deposit requirement. This streamlines the leasing process and while reducing financial barriers for renters – it’s a win win!

By integrating these amenities into your apartment complex, you can enhance its appeal and attract a wider range of renters. Open communication with tenants and regular feedback collection can help ensure that the amenities offered meet their evolving needs and preferences. 

Haley Samuels

Haley is a Consumer Marketing Manager at Rhino.