Investors should consider these four apartment REITs to capitalize on rising rent prices, according to Jim Cramer.

• On Tuesday, CNBC's Jim Cramer suggested a list of apartment real estate investment trusts whose stock investors should buy to benefit from increasing rent prices.
• The "Mad Money" host suggested owning one of the top apartment REITs due to rising rents and an uncertain housing market caused by mortgage rates.

On Tuesday, CNBC's Jim Cramer suggested a list of apartment real estate investment trusts whose stock investors should buy to benefit from increasing rent prices.

"By investing in publicly traded landlords or buying a portion of a landlord, you can benefit from higher rents, rather than just being a renter. Consider becoming a rentier through an apartment real estate investment trust," advised the "Mad Money" host.

He suggested owning one of the top apartment REITs due to rising rents and uncertain housing market caused by mortgage rates.

The Zumper National Rent Report shows that median one-bedroom prices in March rose approximately 12% year-over-year, while two-bedroom prices increased around 14% year-over-year.

Cramer began with the 17 names in the FTSE NAREIT Equity Apartment Index and reduced the list to the 10 largest REITs. He then assessed each REIT by comparing their figures for each category.

• Same-store net operating income growth
• Projected revenue growth
• Projected funds from operations
• Valuation
• Dividend yields

Cramer identified four promising investments that investors should monitor.

Here are the top four apartment REITs:

Join the CNBC Investing Club to receive updates on Jim Cramer's market moves.