Only 32.1 percent of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2 percent in 2022 and 50.4 percent in 2012, according to an analysis from Redfin released Wednesday.
Source: Inman News
Share of renters paying under $1,000 hits record low, Redfin says
Published in affordable rentals, apartment, apartment asking rent, apartment building, COVIC-19, Markets & Economy, News Brief, Redfin, Redfin analysis, rent.com, Rentals, renter households, renting demand, Select, Sheharyar Bokhari and U.S. Census Bureau
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