The average rent in the United States of America again hits high and reaches to $1879 which is little expensive
Renters who are living on rent are complaining about increasing rent because it is increasing every month from last 17 months
From July 2021 to July 2022 rent has surged by around 12.3 percent which is not reasonable for renters
The largest hike is noticed in the south and Northeast region due to high demand. In Miami rent hike has grown in double digits which is approx 26 percent from last year
Many renters are moving to areas where rent is cheap and some of them are adjusting it to their budget sheets
Rent is urban areas is also surging very fast as demand of houses in Urban areas is increase due to movement
These rents are increasing after pandemic because we have seen a lot of increase in inflation and mortgage in USA