Respect Poverty

Rent prices hit record high for major US cities

The median cost of rent for housing units of two bedrooms or fewer in the largest U.S. metro areas rose to $1,792, the highest ever, in February 2022.

The rise — up 17.1 percent over February 2021 — follows a trend of sharp increases. According to Realtor.com, February 2022 marked the seventh month in a row where rent increases reached double digits. Rents in several Florida cities showed steep-to-dizzying increases for February.

See more in the video above.