Rents are soaring across the US – in some cities as much as 30% in just one year

Renters are cutting back on other essentials, falling behind on payments and facing eviction

Shanti Singh, legislative director of the California-based non-profit Tenants Together, explained that rent prices were soaring around the US due a variety of factors, including inflation, some metro area rental prices bouncing back after lulls in the beginning of the pandemic, a widespread lack of affordable housing around the US.

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