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Investments in Unconsolidated Real Estate Entities - Schedule of Investments in Unconsolidated Real Estate (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) unit jointVenture	Sep. 30, 2023 unit	Mar. 31, 2023 unit	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Units | jointVenture	1,463
Investments in unconsolidated real estate entities | $	$ 89,044			$ 80,220
Number of remaining real estate investment units placed in service			209
Metropolis at Innsbrook
Schedule of Equity Method Investments [Line Items]
IRT Ownership Interest	90.00%
Number of real estate investment units placed in service		172
Number of remaining real estate investment units placed in service		230
Metropolis at Innsbrook | Richmond, VA
Schedule of Equity Method Investments [Line Items]
Units	402
IRT Ownership Interest	84.80%
Investments in unconsolidated real estate entities | $	$ 18,028			17,331
Views of Music City II / The Crockett
Schedule of Equity Method Investments [Line Items]
Number of remaining real estate investment units placed in service			199
Views of Music City II / The Crockett | Nashville, TN
Schedule of Equity Method Investments [Line Items]
Units	408
IRT Ownership Interest	50.00%
Investments in unconsolidated real estate entities | $	$ 11,632			11,363
Lakeline Station | Austin, TX
Schedule of Equity Method Investments [Line Items]
Units	378
IRT Ownership Interest	90.00%
Investments in unconsolidated real estate entities | $	$ 32,126			25,292
The Mustang | Dallas, TX
Schedule of Equity Method Investments [Line Items]
Units	275
IRT Ownership Interest	85.00%
Investments in unconsolidated real estate entities | $	$ 27,258			11,812
Virtuoso
Schedule of Equity Method Investments [Line Items]
IRT Ownership Interest	90.00%
Number of remaining real estate investment units placed in service	178
Virtuoso | Huntsville, AL
Schedule of Equity Method Investments [Line Items]
Units	0
IRT Ownership Interest	90.00%
Investments in unconsolidated real estate entities | $	$ 0			$ 14,422

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