America’s renters are finally getting some relief.
A combination of higher income and easing rent increases has freed up an extra $193 per month for renters, a new report from Zillow released Tuesday revealed. Rent rose 1.8 percent year-on-year in March to an average of $1,910, the slowest increase since 2020, the report said. At the same time, income increased 3.9 percent in March, according to the Federal Reserve Bank of Atlanta.
