Rental Crisis: Renters Are Behind In Their Payments

An article by Shawn M. Carter. Featured expertise by Jason Gelios

The median cost to rent a one-bedroom apartment is climbing in many parts of the country. That’s a scary prospect for the Americans who are still financially recovering from the pandemic.
In fact, 2 in 5 renters say their housing budget is already stretched to the max and they wouldn’t be able to handle a $150 monthly rent increase, according to a new survey from Rent.com. Researchers at the site polled 1,200 people, ages 18 to 70, to understand how the Covid crisis changed their finances and how it could affect their ability to afford the area where they live.

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