The median cost of rent for housing units of two bedrooms or fewer in the largest U.S. metro areas rose to $1,792, the highest ever, in February 2022.
The rise — up 17.1 percent over February 2021 — follows a trend of sharp increases. According to Realtor.com, February 2022 marked the seventh month in a row where rent increases reached double digits. Rents in several Florida cities showed steep-to-dizzying increases for February.
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