Rent increases have significantly slowed nationwide, providing relief to many Americans, but low- and middle-income residents in the least expensive areas are facing sharp rent hikes. In December, rents in these neighborhoods rose 7.5% annually, compared to 4.4% in middle-tier areas and 3.4% in the most expensive ones. Many tenants are now forced to make difficult financial choices, with 83% of renters...
Rent Increase
A recent study reveals that South Florida is one of the least affordable places for renters in the US. Florida lacks a state law limiting how much landlords can raise rent. However, discrimination-related rent increases can be challenged under state laws....