Rents Reach Their Highest Point in Two Years: What Investors Should Know

Rents have officially reached their highest point in two years. According to a new report from Realtor.com, the national median rent for June sat at $1,575, a whopping 8.1% increase over June 2020 and a 10.4% jump compared to the year prior. On a monthly basis, national rents were up 3.2% over May.