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February 9, 2022
Rents hit all-time high
Asset Class | Asset Manager News | Financing | Multifamily | Offering Type
The national median price of a one-bedroom rental apartment in January was up 12% year-over-year, to $1,374 — an all-time high...

Rents hit all-time high

January 29, 2022 | Jennifer A. Kingson | Axios

The national median price of a one-bedroom rental apartment in January was up 12% year-over-year, to $1,374 — an all-time high, per Zumper, an online apartment rental site.

Why it matters: Inflation is taking a bigger bite out of people’s paychecks these days not only in food and gasoline, but also in housing costs.

Driving the news: Zumper, which has been tracking rental price data since 2014, released data this week that showed staggering increases in rental prices.

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