The national median price of a one-bedroom rental apartment in January was up 12% year-over-year, to $1,374 — an all-time high, per Zumper, an online apartment rental site.
Why it matters: Inflation is taking a bigger bite out of people’s paychecks these days not only in food and gasoline, but also in housing costs.
Driving the news: Zumper, which has been tracking rental price data since 2014, released data this week that showed staggering increases in rental prices.
The median two-bedroom rose to $1,698, a 14.1% hike over January 2021.
“For the national index…
