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10 Highest Rental Vacancy Rates for Large U.S. Metro Areas
By: Brian Beers, Senior Producer | 24 Feb 2009 | 01:59 PM ET
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posted 24 Feb 2009by Brian Beers, Senior ProducerThe latest data on rental vacancies (a component of the index of leading economic indicators) from the U.S. Census Bureau helps paint a grim statistical picture of the current economic climate. Nationally in the fourth quarter of 2008, rental vacancy rates remained quite elevated at 10.1%. We've filtered through the data on the 75 largest metropolitan areas, to find those that are being hit the hardest by rental vacancies. Is your metro area on the list?Related:- 10 Highest Homeowner Vacancy Rates- Million Dollar Homes Across America- Financial Crisis Then & Now

#10 Austin, TX: 15.8%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Austin, Round Rock

#9 Las Vegas, NV: 16.0%
Photo: AP
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Las Vegas, Paradise

#8 Atlanta, GA: 16.1%
Photo: AP
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Atlanta, Sandy Springs, Marietta

#7 Cleveland, OH: 16.8%
Photo: AP
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Cleveland, Elyria, Mentor

#6 Indianapolis, IN: 17.1%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

#5 Phoenix, AZ: 19.0%
Photo: AP
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Phoenix, Mesa and Scottsdale

#4 Memphis, TN: 19.6%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

#3 Detroit, MI: 19.9%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Detroit, Warren and Livonia

#2 Dayton, OH: 21.7%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

#1 Richmond, VA: 23.7%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)- Replay SlideshowRelated:- 10 Highest Homeowner Vacancy Rates- Million Dollar Homes Across America- Financial Crisis Then & Now

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