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Rents in the United States hit another record

For Rent Sign (FILE)
Posted at 11:05 AM, May 20, 2022
and last updated 2022-05-20 14:05:18-04

(KERO) — Renters across the United States are paying more to stay in their homes and it appears that trend will continue.

A report from Realtor.com shows the national median rent was over $1,800 a month in April. That's a jump of nearly 17-percent from a year ago and the highest on record.

If the trend continues the report projects rent could be more than $2,000 a month by August.

There are signs of possible relief. Rent growth slowed for the third straight month in April. This, after it peaked in January.