The 10 U.S. Cities Where Rent Prices Are Rising Fastest
By:
Sarah Hansen
Sarah Hansen
Senior Writer | Joined October 2021
Has also written:
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Renters sitting out the most expensive homebuying market in decades are facing steep rising costs of their own.
According to a new report from listing platform Realtor.com, the median rent in the 50 largest metro areas in the United States reached an all-time high of $1,792 in February, with overall rent prices climbing 17% over the past year.
That jump is having an enormous impact on many Americans’ budgets. A recent report from Zillow found that signing a one-year lease now would cost roughly $3,400 more than the same lease two years ago.
