Housing
US Rents Hit New Record as Parts of NYC Soar Past $4,000 for August
More than half of US cities have seen double-digit rent hikes — but some Sun Belt cities are showing signs of cooling off.
For cash-strapped renters, the situation is getting more dire in many US metro areas.
The Zumper National Rent Index shows the median national one-bedroom rent for a newly listed one-bedroom now at $1,486, up 11.8% over August 2021 — beating last month’s record high. More than half of US cities are showing double-digit rent hikes, with some over 30%.