A 'perfect storm' fuels big jump in apartment rents. Here's where they are rising the most.

[Yo_Mama_Been_Loggin]

As businesses and consumers grapple with soaring inflation on everything from groceries to gasoline, average rents are also at all-time highs.

That's according to an analysis by The Business Journals of second-quarter apartment rent data from RealPage Market Analytics, which found average rents are up 17% compared to a year ago and up 30% compared to 2018.

Average rents nationally in the second quarter were $1,736, which is up $251 from a year ago.

-snip-

Rents were even higher in the nation's 50 largest metro areas, where the average rent was $1,821 in the second quarter, up from $1,547 a year ago — an 18% jump.

https://www.bizjournals.com/seattle/news/2022/07/06/apartment-rents-rise-wages-inflation.html

[2naSalit]

1. I know...

Of people like me who can't afford $1000/mo, in fact, $750.00 is high for most working people in my area.

If I didn't have the Sec.8 subsidy, I'd be in my car still.