Rents have risen so much in South Florida that renters are now overpaying by more than 18%, according to an index released Tuesday.
Researchers at three Florida colleges — Florida Atlantic University, Florida Gulf Coast University and Longwood University — analyzed rents since 2014 and used this data to predicted where rent prices should be for renters. They then compared that number to today’s current rents. From there, they calculated the percentage difference to see how much renters are overpaying in rent.
Based on what past leasing histories suggest, South Floridians are paying 18.98% more than what they should be, researchers found.
