Rent remained 10.2% above September 2021 levels and 22.6% compared to 2 years earlier, according to the single-family rent index from property data information company CoreLogic
The jump in May was still well above the historical average, but it was the first time in 14 months that it hadn't accelerated over the month before
Las Vegas, Phoenix and Orlando experienced the highest rent hikes, tallying increases of more than 5%