Rental prices in the United States are high. According to rental data from Zillow, as reported by Anna Helhoski for NerdWallet, “Rent prices are now 30% higher than they were before the pandemic, but rental growth seems to have slowed from the major spikes of 2021. In March, rents were 3.6% higher than at the same time last year. The average growth in 2018 and 2019 was 4.1%.”
Although growth in rental prices has slowed, many renters have reported having difficulties with finding, or staying in, reasonably priced dwellings.