Rent Costs , Across America Leap Higher , As Occupancy Rates Hit Peak.<br />In the last year, the cost of renting an apartment <br />in the United States has risen a staggering 12%.<br />According to Poynter, that rent increase <br />is enough to neutralize any modest raise <br />that people may have received in the last year.<br />Poynter notes, when rent <br />prices go up, they typically rarely go back down. .<br />The rent hike <br />comes as apartment <br />occupancy rates have <br />also hit new highs. .<br />Rent has opened 2022 <br />in much the way it spent 2021 -<br />setting a new all-time high. , Zumper, Rental marketplace website, via Poynter.<br />The median one-bedroom rent on Zumper’s <br />National Index rose to $1,374 (or roughly <br />0.000112 of a Bored Ape) this month, <br />which is 12% higher year-over-year. <br />The median two-bedroom rose to <br />$1,698, a 14.1% year-over-year rise, Zumper, Rental marketplace website, via Poynter.<br />According to Poynter, the old standard of <br />a person spending about 30% of their gross income <br />on rent may no longer apply to today's economy.<br />Even before the recent price increase, 45% of households <br />making between $30,000 and $45,000 <br />spent more than 30% of their income on rent. .<br />That standard was a calculation based <br />on 1969 public housing regulations.<br />In 2020, some cities reportedly saw slight dips in rental costs, but that was mostly due to people losing their jobs and moving in with others. .<br />At that time, the apartment <br />vacancy rate jumped to <br />twice what it is today
