Key Takeaways

Millionaire renter households grew 229% from 2020 to 2024, outpacing growth among millionaire homeowners, according to a new report from RentCafe.

Wealthy renters are choosing flexibility and investment opportunities over tying up money in a home.

Dual-income couples account for 75% of millionaire renter households.

More millionaires are renting, despite being able to afford homeownership. This group of wealthy renters is choosing a different path on purpose.

According to a recent report from apartment search website RentCafe, millionaire renters are growing at a faster rate than millionaire homeowners.…