Renters don't have a lot of options these days.
A newly listed one-bedroom apartment at the median monthly price of $1,450 was a record for the Zumper National Rent Index.
According to a July report from the rental company, New York City is the most expensive market with a monthly rate of $3,780.
Relocations are up 41% from last year and 5% from just the previous month.
A median one-bedroom rent in San Francisco has reached $3,100 a month, up 14% from pre-C-19 levels.
Among the reasons behind this trend are rising interest rates, which make home purchases more difficult, according to Anthemos Georgiades.
There is a decline in the number of would-be buyers, which creates an increase in rentals.
For More Stories Click Below Link