Also, where do you go? It isn't like there is some perfect spot right now where jobs match cost of living. Not to mention...a lot of people have long term ties in areas. Most of my family is here. In my case I have lived in my town for 40 years...but I am being priced out of the town.
As for the lining up, do apartment hotels exist? They are basically hotels that rent out apartments on a month by month basis. I knew people who also put stuff in storage and lived hotels or hostels, while waiting for the actual apartment residents to leave. Is that not a possibility?
Of course, when the contract dates overlap, then things get a little more difficult...
SRO (single room occupancy) -- typically very shitty and dangerous. Full of people priced out of society, junkies, people transitioning out of prison, etc.
Executive housing -- typically very expensive, used by traveling execs or temporarily by employees a company relocated
and as @pomian said, the vast vast majority of apartments in the US come with no furniture, though (in contrast to at least Germany), they do come with a kitchen and appliances. Washer/dryer/AC are not standard but common.
The situation does seem very limiting. I imagine it can "trap" people in undesirable locations.