Whether you manage a condo portfolio or are fixing up a recent inheritance, staying competitive in the rental market means offering features that today’s tenants actually want. On-trend renovations can help you command higher rents, reduce vacancy, and future-proof your investment.
Which updates offer the best return? Here are five apartment renovation trends you should implement now.
1️⃣ Trend: Less Private Space, More Shared Luxury
In high-density, expensive markets (like NYC or San Francisco), units are shrinking, but tenant expectations for lifestyle amenities are growing.
- The Trade-off: Smaller individual units (micro-apartments) are more affordable for tenants due to lower square footage.
- The Appeal: The saved space and money are funneled into communal, high-value amenities that tenants couldn’t afford individually.
| Feature to Consider | Investor Benefit |
| Shared Fitness Areas (Gyms, yoga studios) | Attracts health-conscious tenants and justifies higher overall rent. |
| Communal Kitchens/Lounges | Appeals to younger renters and fosters a sense of community, increasing tenant retention. |
| Outdoor Areas (Fire pits, dining space) | Essential for balancing small indoor living spaces. |
Note: This trend is less effective in low-density, affordable markets where tenants expect large private living spaces.
2️⃣ Trend: Healthy Homes & Wellness Features
Today’s renters are increasingly prioritizing well-being, demanding homes that actively support their health. This goes beyond cleaning—it’s about the environment itself.
The Foundation: Eliminating Toxins
A renovation is the perfect time to address hidden health risks.
- Ensure the property is free of environmental contaminants like mold, radon, asbestos, and lead paint.
- Use non-toxic, low-VOC paints and finishes.
The Upgrades: Air, Water, and Green Space
Focus on quality-of-life improvements that tenants notice immediately.
- High-Quality Air Filtration: Install high-grade HVAC filters as a standard feature.
- Water Filters: Offer water filtration systems (even simple faucet mounts) as a popular selling point.
- Green Living: Add community green spaces, such as simple landscaping, a dedicated planting area, or a rooftop garden.
- Bicycle Storage: Secure bike racks promote exercise and attract environmentally conscious commuters.
3️⃣ Trend: Eco-Friendly Design for Lower Bills
Sustainable building practices save your tenants money on utilities, making your unit more desirable (and your operating costs lower in the long run).
| Sustainable Upgrade | Tenant & Investor Benefit |
| Smart Thermostats (e.g., Nest) | Allows tenants to use energy efficiently, lowering their bills and carbon footprint. |
| Insulation & Caulking | Upgrading attic insulation and caulking around windows/doors reduces energy loss by preventing drafts. |
| Natural Light | Adding larger windows reduces reliance on electric lighting. Use quality window shades for passive temperature control. |
| Solar Power (Location dependent) | Can significantly reduce energy costs, potentially offering ROI on the renovation over time. |
4️⃣ Trend: Smart Home Technology (The Modern Standard)
Smart home features are no longer futuristic; they are becoming mainstream expectations, especially for security and convenience. Focus on low-maintenance, high-impact features.
| Smart Feature Category | Best Options for Rentals | Tenant Value |
| Security | Smart Locks (keyless entry), Doorbell Cameras | Convenience, safety, and easy package delivery. |
| Climate Control | Smart Thermostats, Smart Vents | Energy savings and customizable comfort. |
| Convenience | Integrated USB Outlets, Smart Lighting | Easy device charging and modern aesthetic. |
5️⃣ Trend: The Enduring Appeal of Natural Wood Floors
Wood floors remain the undisputed champion of rental flooring for both aesthetic appeal and ease of maintenance. Replacing old carpet is one of the highest-ROI renovations you can make.
Current Flooring Trends:
- Wide Planks: Currently the most popular choice for a contemporary look.
- Dark Wood: Provides beautiful contrast against light or neutral-colored walls and trim.
- Gray Tones: Highly favored for a neutral, modern, and clean appeal.
Investment Tip: While natural wood is best, high-quality, water-resistant Luxury Vinyl Plank (LVP) flooring is an excellent, durable, and cost-effective alternative that mimics the look of real wood with superior resilience for rental units.
