Even millionaires are renting. Here are 10 cities they're flocking to.

A luxury building in Brickell, a wealthy neighborhood in Miami with many businesses and residential buildings. ajansen/Getty Images Census data shows that the number of millionaire renter households grew by 229% from 2020 to 2024. Apartment-search website RentCafe ranked the cities with the fastest growth in millionaire renters. Millionaire renters still favor New York and LA, but Southern cities are...