Sometimes rent is more than just rent
Finding a place to rent can be difficult in today’s tight housing market, with the median monthly shelter cost paid by renters rising 17.6% from 2016 to $1,070 in 2021 (unadjusted for inflation). New renters, that is, those who had started renting a property within the past year in 2021, were paying on average $300 more a month than established renters ($1,320 compared with $1,020).