
Rents rose five times faster in 2021 than 2020
CNN
Rents are continuing to rise across the US.
The cost of rent, on average, was 10.1% higher in 2021 than in 2020, growing five times faster last year than it did in the first year of the pandemic, according to Realtor.com's Monthly Rental Report.
By December, national rents had the sixth-straight month of double-digit annual increases. The national median rent for a one-bedroom in December was $1,651, up 19.3% over the year before.
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