The South Florida apartment market is the most competitive in the country, once again, according to the latest RentCafe report.

Based on factors like occupancy, lease renewal rates, new apartment construction and average days of vacancy, the rental analysis site found that six of the current hottest rental markets are located in Florida, with a majority of these falling in the southern part of the state.

Miami ranked as the hottest market overall: With occupancy at 97.1% and over 70% of renters renewing their leases, the metro has undoubtedly returned to its spot as the most competitive market in the country. (New Jersey previously climbed to No. 1 at the beginning of 2023 but has since dropped to No. 2.)

Across Miami-Dade County, the typical apartment has 24 prospective renters vying after it and only stays on the market for 33 days. This is despite the fact that the share of new apartments increased by 0.9% in the area — one of the highest rates of new apartment construction in the country.

Following Miami and North New Jersey is the Southwest Florida market, where 96.4% of all apartments are currently occupied; a smaller share of renters renewed their leases at 67.2%. Other Florida markets on the list include Broward County (No. 4), Orlando (No. 8), Tampa (No. 19) and Palm Beach County (No. 20).