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.

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