Inflation is pushing rent to new highs, as more than half of U.S. metropolitan areas have witnessed double-digit rent increases, with even some of the “hotter” regions in the Sun Belt showing signs of cooling down, according to the Zumper National Rent Index for August.
Many renters who were already facing high rents are also facing a dire situation as eviction moratoriums begin to end across the country.
The rent index showed that the average rent in the United States for a newly listed one bedroom is now $1,486, up 11.8 percent from August of last year, beating July’s record high….