Rent in the United States is still climbing according to a report by Realtor.
The median rent price across the United States’ 50 largest metro areas is $1,876, which Realtor says is a new record for the 16th consecutive month. Rent is 23.9% higher than 2020 and 27.6% higher than 2019 and has grown by 14.1% since June 2021.
The top 10 highest rent increases in the U.S. include Miami, that hit the top of the list, rising 37.4%. The average 887 square foot apartment rents for $2,307 per month, followed by Orlando with a 23.9% year-over-year rent increase. The average apartment is 952 square feet and average rent in Orlando is $1,937 per month.