April 2022 marked the 13th month in a row of record-setting rent increases for single-family homes.
Nationally, single-family rent jumped 14% year-over-year in April (Source: CoreLogic).
Here are the cities where rents increased the most –
and the March median priced rent for each:
Miami: 40.8% ($2,519)
Orlando: 25.8% ($1,947)
Phoenix: 17.8% ($2,157)
San Diego: 17.3% ($3,503)
Las Vegas: 17% ($2,089)
Rents continue to be on a meteoric rise, however unlike housing, there’s no sign of a slow-down yet.
“How I Stopped Worrying
and Learned to Love Inflation”