Sure but there’s degrees to this. If you’re a day laborer renting a room at the local motel, it’s a lot easier for you to say “screw this place I’m going to the next town over” than for someone who has their kids enrolled in the highschool and a mortgage.
Everyone has skin in the game but some have way more.
Renters can also enroll their kids in public schools. And in terms of mobility, renters might be stuck in a one- or two-year lease, far longer than it might take to sell a house.
Maybe those transient homeowners are the ones who shouldn't get to vote...