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Investments in Unconsolidated Real Estate - Summary of Investments In Unconsolidated Real Estate Entities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) unit	Jun. 21, 2024	Dec. 31, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Units	1,463
Investments in unconsolidated real estate entities | $	$ 90,347		$ 89,044
Metropolis at Innsbrook
Schedule of Equity Method Investments [Line Items]
Number of units placed in service	402
Required occupancy for call option	90.00%
Required occupancy to sell property		85.00%
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 | $	$ 17,127		18,028
Views of Music City / The Crockett | Nashville, TN
Schedule of Equity Method Investments [Line Items]
Units	408
IRT Ownership Interest	50.00%
Investments in unconsolidated real estate entities | $	$ 11,805		11,632
Lakeline Station | Austin, TX
Schedule of Equity Method Investments [Line Items]
Units	378
IRT Ownership Interest	90.00%
Investments in unconsolidated real estate entities | $	$ 33,225		32,126
The Mustang | Dallas, TX
Schedule of Equity Method Investments [Line Items]
Units	275
IRT Ownership Interest	85.00%
Investments in unconsolidated real estate entities | $	$ 28,190		$ 27,258
Views of Music City II
Schedule of Equity Method Investments [Line Items]
Number of remaining units placed in service	209
Crockett
Schedule of Equity Method Investments [Line Items]
Number of remaining units placed in service	199

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