Building endurance is valuable to renters, according to a new report on the oldest apartment buildings in the United States from RentCafe—particularly for buildings constructed prior to 1950. Other highlights from the report:
- The oldest apartment building found is the 78-unit Pendleton in Cincinnati, Ohio, at 171 years old.
- The 84-unit Cambridge Oxford—located in New Haven, Connecticut, near Yale University—is the second–oldest that RentCafe found. It was built in 1860.
- Boston, Massachusetts, has the highest average age of buildings built before 1950, at 105 years, while Minneapolis, Minnesota, and Springfield, Massachusetts, rank second and third, at 104 and 101 years, respectively.
- Twenty-six percent of the country’s oldest inventory is found in Manhattan, with 923 buildings that still rent.
