The US cities where renters are struggling the most

Tue, 07/02/2024 - 05:52

A small home sits next to a larger home in Naples, Florida, which has one of the highest rates of cost-burdened renters in the country. — Naples, Florida, has one of the highest rates of cost-burdened renters in the country.
Jeffrey Greenberg/Getty Images

The US faces a severe housing affordability crisis as rents and home prices soar.
Rents have increased by 26% since early 2020, with three in five markets still rising.
Here are the metro areas with the highest proportion of cost-burdened tenants.

The housing affordability crisis is nearly inescapable in the US. Housing costs have skyrocketed in communities nationwide — from small towns to coastal supercities.