The new highs surpassed records set between 2000 and 2001. As of July, the average monthly apartment rent in the US hit $1,549
The US median rent increased 1.1% year over year in March after 8 consecutive months of declines, according to a new report from realtor.com released on Tuesday
Some of the nation's largest markets, including New York City and San Francisco, experienced double-digit rent declines as renters head toward the suburbs
According to the National Home Rental Council's Q3 2020 market index, the single-family rental market remains robust as renters flock to the suburbs