Like seemingly everything else, the cost of rent continues to rise in the United States. There is good news: wild, double-digit increases of the pandemic-era have subsided, giving way to normal upticks — but rent prices are still much higher than in 2019.
Rent prices increased by just .77%, or $15, between March 2023 and March 2024, according to Rent.com. But compared to March 2020, prices are up 21.78%, or $373. The country is, in general, still stabilizing after massive price increases, which peaked in August 2022 at $2,053, per Rent.com.
