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  1. Housing
  2. Renting

Rent Increases in the U.S. Have Broken Records for 13 Consecutive Months

By: Adam Hardy
Adam Hardy, expert in Personal finance, student loans, credit, job market, low-income finances, and Lead data journalist at Money
Adam Hardy
Lead data journalist | Joined May 2024
Adam Hardy is a lead data journalist at Money, where he frequently reports on financial barriers that affect low-income Americans. Adam’s work has also appeared in Business Insider, Forbes, Nasdaq, The Penny Hoarder, Yahoo! Finance and many other outlets.
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Published: Jun 22, 2022 3 min read
Miami Rents Have Risen To Be Unaffordable For The Average Resident
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The cost of rent continued its meteoric rise in April, marking the 13th month in a row of record-setting increases for single-family units.

Nationally, single-family rent jumped 14% year over year in April, according to a report released Tuesday by the real estate data firm CoreLogic. Rent in several major metropolitan areas, particularly Sun Belt cities, rose much higher than that — with no signs of slowing down.

“Single-family rents continue to increase at record-level rates,” Molly Boesel, principal economist at CoreLogic, said in the release. “We expect single-family rent growth to continue to increase at a rapid pace throughout 2022.”