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Rent prices rising rapidly across the US, experts say

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www.fox29.com

LOS ANGELES - Average rent prices across the U.S. have already begun to return to pre-pandemic levels and are steadily increasing, according to reports from several home-search websites.According to Dwellsy, a self-described rental housing platform, rents have increased by 9.6% nationwide in 2021 to an average of $1,649 per month.RENTCafé reported that "renting activity is back to pre-pandemic levels — up 13% in the first half of 2021 compared to the same time last year." Apartmentlist.com reported that the national median rent has increased by 11.4% so far this year compared with just 3.3% for the first six months of 2017, 2018 and 2019."Every one of the nation’s 100 largest metro areas has seen month-over-month rent growth over the last.

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