® August Rental Report: National Rent Growth Hits Double-Digits

SANTA CLARA, Calif., Sept. 16, 2021 /PRNewswire/ — The U.S. rental market is booming. Rental prices hit double-digit growth for the first time in two years in August and grew three times faster than in March 2020 (prior to the onset of COVID), according to the® Monthly Rental Report released today. Additionally, rents posted double-digit gains over last year in more than half of the 50 largest metros, led by Tampa (+30.6%), Riverside, Calif. (+28.6%), Miami (+27.0%) and Phoenix (+25.5%).

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