Lawmakers across the U.S. are looking to enact rent control, reviving measures largely shunned in recent years in an effort to curb the surge in home rental prices throughout the country.
These proposals, which would generally allow landlords to boost monthly rents by no more than 2% to 10%, are on the legislative agenda in more than a dozen states. Rental prices are up about 18% on average over the past two years, according to real-estate broker
Redfin Corp.
, hitting record levels across the U.S.
Large cities like Boston, affluent suburbs like Montclair, N.J., lower-income mobile-home communities in Colorado and fast-growing metros in Florida are among the places now considering rent control.
“Rents are exploding at a pace far faster than income,” said
Stijn Van Nieuwerburgh,
an economist and professor at…
