Rental Trends

Rent is rising sharply in the most affordable areas, stressing low, middle-income tenants

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...