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US Rent Costs Surge To Record Highs As Americans Expect Inflation To Get Worse

June 20th, 2022
Categories: News

Median rents in the US crossed the $2000 mark this past month for the first time ever, while rental markets surged 15% – 20% in a single year depending on the region. Rent prices jumped over 20% in Orange County, CA. up 19.3% in the greater Cleveland area. 15.5% in the Cincinnati area. Nashville and Seattle saw prices rise over 30%. Austin, TX is witnessing epic rental inflation of over 50%. New York’s median rent cost climbed to $4000 per month despite vast numbers of people have left the city in the past two years.

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