Although rents have overall cooled in a nationwide trend, the cost to keep a roof over your head is still becoming increasingly expensive in some markets.
As such, Realtor.com took a look at 50 of the largest metropolitan areas in the country for its latest rent report, and found that 18 were experiencing year-over-year rent increases as of March 2024. And perhaps not coincidentally, the five markets seeing the greatest hikes for studios and one-bedroom and two-bedroom units, specifically, were clustered in the Northeast and Midwest.