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That being said, rent keeps going up but not always where youd expect.
In the past 5 years, average rents have rocketed to record highs inalmost every major U.S. metro area.
Columbia, South Carolina, saw the steepest rent hike over the year, at 8%.
And since February of 2019, rent there has surged a whopping 43.5%, Stearn said.
Inflation is a big factor, of course, as landlords pass on their increased costs to maintain properties.
Even with roommates, many people still worry about being able to keep up with the price hikes.
We surveyed 1,175 roommates in the U.S. last year about their experience of the rental market, Hutchinson said.
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