Renting is no longer considered just a step toward the ultimate goal of homeownership. A record 46 million U.S. households are renting, as more Americans see the flexibility it provides as a straighter path to long-term financial freedom. 

Newsweek recently analyzed U.S. Census Bureau data on the historically high national rental pool to gain a better understanding of why Americans are renting not just by circumstance – but by choice. 

“Renting can offer advantages over buying, including greater flexibility, lower maintenance responsibilities, and improved amenities," Bankrate financial analyst Stephen Kates told Newsweek. "While homeownership can provide stability and serve as a long-term wealth-building tool, it is not the only path to financial success." 

In Miami, the challenge of burdensome HOA or condominium association costs is also driving many residents to rent instead of buy. 

Miami is an intensely competitive rental market, so the smart move is to secure an 18-month lease for a Douglas Enclave apartment now and avoid having to compete with the masses for comparable apartments at much higher rents in 2026. 

Douglas Enclave is an 11-story, 199-unit building with thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances. 

Additional building amenities include a club lounge, business center, saline pool, fitness center, pet washing station, EV charging stations, storage space, bike racks, gated parking garage, package delivery room and on-site property manager and maintenance. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop. 

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district. 

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.