Business Trends

Upward trend in Pet-Friendly Apartments

In Uncategorized on June 8, 2009 at 5:22 pm

Renters love pets and are doing their part to find a place to live that accommodates both them and their four-legged cohabitators.

According to an Apartments.com survey of more than 1,000 renters around the country, nearly 90 percent of renters who responded said they have a pet. Of the renters surveyed that do not currently own a pet, more than half plan to become pet owners within the next year.

Pets are being made a priority by renters during their apartment search. More than 80 percent of respondents said a pet-friendly policy played a major role in where they chose to live and 30 percent sought out an apartment in close proximity to desirable pet amenities such as dog parks, walking trails and a veterinary office.

As devoted pet owners, renters are holding on to their felines and canines even when faced with obstacles during their apartment search. While the majority of respondents experienced difficulty finding an apartment that allowed pets, 89 percent said they were not put in a position where they had to choose between their beloved animal and a place to live.

Apartments.com has seen an upward trend of more and more properties welcoming pets. For survey respondents who said they were forced to give up their pet(s), the two main causes were identified as not being able to find an apartment with a pet-friend policy (65%) or not being able to afford the pet deposit (27%). More than half of renters surveyed said they paid more than $200 for a pet deposit, and nearly 60 percent said they would be less likely to rent an apartment requiring a pet deposit.

Millions of renters from around the country are in need of pet-friendly apartments. In 2008, more than 11 million searches for apartments that allow cats and dogs were conducted on Apartments.com. New pet owners looking for an apartment are encouraged to read the following tips prior to moving in to ensure they are familiar with the building’s pet policy.

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