CNN: Rent jumped 17% since last year, hitting a new record

CNN, March 23, 2022, Rent jumped 17% since last year, hitting a new record 

The cost of monthly rent reached a new high in February, with the typical apartment now $283 more expensive each month 

than it was two years ago, before the onset of the pandemic.

The national median rent was $1,792 last month, up 17% from a year ago, according to a report from Realtor.com. Rent for studio apartments, one bedrooms and two bedrooms all saw double-digit increases over the past year.