Released: February 01, 2022

Rents are up more than 30 percent in some cities

Source: Abha Bhattarai, Washington Post (Paid Registration)

Average rents rose 14 percent last year, to $1,877 a month, with cities like Austin, New York and Miami notching increases of as much as 40 percent, according to real estate firm Redfin. And Americans expect rents will continue to rise — by about 10 percent this year — according to a report released this month by the Federal Reserve Bank of New York. At the same time, many local rent freezes and eviction moratoriums have already expired.

Read Full Article: Rents are up more than 30 percent in some cities